Wheat Outlook

  • April 16, 2018 – Crop condition ratings for winter wheat were down again today as reported in the Crop Progress from USDA. Drought intensity in Kansas, Oklahoma, and Texas was up last week but rain is in the forecast.
  • April 10, 2018 – U.S. and global wheat ending stocks were higher in today’s WASDE. Revised beginning stock levels were the primary contributor to higher global wheat supplies this month. Days of use on hand at the end of the marketing year are back up to a 133-day supply, highest in over 20 yrs.
  • March 29, 2018 – Bullish numbers in the Prospective Plantings report overwhelmed bearish numbers in Grain Stocks in this morning’s releases from USDA/NASS. Farmers intend to plant 88 million acres of corn, 89 million acres of soybeans, and 47.3 million acres of wheat for 2018.
  • March 26, 2018 – State wheat crop condition reports released today show some improvement in Texas, Oklahoma, Colorado, and Kansas. Pre-report estimates for acres and stocks are in line with recent trends: acres about steady to up 1 percent, stocks down 10 percent (like they were in December).

 

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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