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 [...]

WASDE brings another reduction in global wheat stocks

The April WASDE report released last week was pretty much as expected across many commodities, but global wheat ending stocks did surprise with another sizeable drop. Stocks fell 5.67 MMT from 301.19 MMT to 295.52 MMT. The trade expected stocks to hold near 301 [...]