Wheat Outlook

  • June 11, 2019 – Projected U.S. wheat ending stocks were down and the price forecast up in today’s World Agricultural Supply and Demand Estimates. Old crop wheat exports were up and feed use in the new crop year was higher.
  • June 7, 2019 – U.S. winter wheat crop condition ratings are ending the season on a strong note though conditions declined this week for Oklahoma. Global watch areas include Canada, Europe, Australia, and Russia’s Volga region. U.S. spring wheat ratings are near normal, planting still delayed.
  • May 31, 2019 – U.S. winter wheat condition ratings slipped this week but still remain well above long term averages. Wheat export sales commitments are ending the marketing year on a strong note. Speculative traders in the corn, bean, and wheat markets continue to be more bullish/less bearish.
  • May 22, 2019 – A short market update report today but wanted to get something out about the Crop Progress information released Monday and ahead of the long Memorial Day weekend.

 

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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