Weather issues are throwing into question forecasts for a record large global wheat crop this year, but wheat futures markets remain cautious.
Tag Archives wheat production
European wheat output to bounce back
Wheat production is expected to rebound in 2025-26 in the world’s second largest exporting region.
Prices of crops, oil bounce back from late summer lows
Weather issues and international tensions are lifting prices of several commodities off lows hit in late August and early September. Wheat production estimates and forecasts are down because of weather challenges in Russia, Argentina and elsewhere, helping to lift wheat futures. Crude oil prices are bouncing back as worries mount about a potential Middle East […] Read more
Australian cereals production expected to fall
Lack of rain in the states of Western Australia and South Australia may see harvests fall below the 10-year average
Glacier FarmMedia – WINNIPEG — Dry conditions in Western and South Australia may cause declines in the upcoming Australian wheat and barley crops, according to the U.S. Department of Agriculture’s attaché in Canberra. In a USDA Global Agricultural Information Network report released April 29, the attaché forecasted wheat production at 25.8 million tonnes for the […] Read more
World-wheat stocks to fall
SASKATOON — A lot of ink has been spilled about wheat production this year but not much has been written about the other side of the ledger. Global wheat consumption is forecast at 804 million tonnes in 2023-24, an increase of nine million tonnes over last year. Meanwhile, production is estimated to have fallen to […] Read more
Wheat tumbles despite tight stocks
An analyst thinks Russia’s strong export program is behind spring wheat’s recent 15 percent price decline at Minneapolis
Canada entered the 2023-24 crop year with the lowest combined wheat and durum stocks in history. Agriculture Canada estimates there were 3.24 million tonnes of both crops on hand as of Aug. 1, 2023. That would break the previous record low of 3.66 million tonnes set in 2021-22 following a severe drought. Analysts are also […] Read more
