Wheat Outlook

  • February 8, 2018 – Sluggish wheat exports resulted in an increase in US wheat ending stocks in today’s WASDE. Drought intensity increased again this week for the Southern Plains. Little relief is offered in the short-term forecast.
  • January 22, 2018 – Reports related to the wheat market released earlier this month were bearish in terms of how the numbers related to pre-report trader expectations, but fundamentally held few surprises: global supply and demand numbers unchanged, U.S. wheat acres are low, and U.S. stocks down.
  • December 15, 2017 – Global wheat production is higher as reported in the December WASDE, primarily due to a better than expected Canadian wheat crop. With this upward revision, global wheat production sets a record high for an unprecedented fifth year in a row.
  • December 1, 2017 – Wheat crop condition ratings declined in the last Crop Progress report of the year. Some state reports will still be available on a monthly basis with the national report resuming in April. Drought conditions continue to expand in the Southern High Plains as La Nina develops.

 

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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