September WASDE is quiet for wheat

After two previous reports that were unexpectedly eventful for wheat, Friday’s WASDE brought only modest changes to the U.S. wheat balance sheet: 2021/22 imports declined 10 million bushels from the August forecast, food use rose 2 million, and ending stocks were lowered by that [...]

Record world wheat supplies may impact export values

In the May WASDE, new-crop wheat production forecasts for the U.S. and EU were both slightly down from 2019/20. However, USDA forecasted 2020/21 world wheat production at a record 768.5 MMT (28.2 billion bushels), supported by sizeable crops in Australia, Canada, and Russia, and [...]

Wheat harvest underway in Europe & Russia

The July heat wave in Europe is not expected to continue and may thus have a very limited impact on European wheat crops. Although water usage restrictions have been imposed across French regions, harvest is already underway, limiting the potential for the wheat crop [...]