Wheat Outlook

  • October 11, 2019 – Information from the Small Grains Summary on September 30 set the stage for U.S. wheat supply numbers in the October World Agricultural Supply and Demand Estimates. But wheat use numbers were lower in the WASDE resulting in a higher level of U.S. and global wheat ending stocks.
  • October 4, 2019 – This week’s Grain Stocks report pegged all wheat in all positions about the same as last year and six percent above the most recent five-year average. However, ending stocks could be reduced moving forward on smaller production reported in the Small Grains Summary.
  • September 21, 2019 – Spring wheat harvest is wrapping up and winter wheat planting is underway, though both at a slower pace than normal. The precipitation forecast calls for significant rainfall for many dry areas of the Southern Plains over the next several days.
  • September 13, 2019 – The only change in the supply and demand table for U.S. wheat in the September World Agricultural Supply and Demand Estimates was to the season average farm price. All supply and use categories were unchanged from August but the price outlook fell from $5.00 to $4.60.

 

Mark Welch
Texas A&M AgriLife Extension Economist

600 John Kimbrough Blvd
TAMU 2124
College Station, Texas 77843
Tel. (979)845-8011
Fax. (979)845-4906
JMWelch(at)tamu.edu

The opinions and recommendations expressed are solely those of the author and are intended for educational purposes only as part of the Texas A&M AgriLife Extension Service.  Texas A&M AgriLife Extension Service assumes no liability for the use of this newsletter.  Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin.  The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating

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