Wheat Outlook

  • March 27, 2020 – Reports related to wheat fundamentals this week show improving crop conditions in the Southern High Plains and exports well on target to reach to reach the 1 billion bushel target.
  • March 20, 2020 – As in corn, the changes were minor in updates for wheat in the March WASDE. The Commitment of Traders report today shows traders reducing exposure on both sides of the market for wheat and soybeans. It appears the only thing they wanted more of were short positions in corn.
  • February 28, 2020 – Though the percentage of wheat in the Southern High Plains that is rated very poor and poor is up slightly compared to last November, there has been significant improvement in the drought map for this hard red winter wheat production area.
  • February 21, 2020 – The Grain and Oilseeds Outlook presented at the 2020 USDA Agricultural Outlook Forum shows a tightening supply situation for wheat in the new crop year. Harvested area is up but lower yields and lower beginning stocks result in a smaller wheat supply.

 

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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