U.S. farmers are expected to produce 1.17 billion bushels of winter wheat this year, according to the Crop Production report released today by USDA's National Agricultural Statistics Service (NASS). In NASS's first winter wheat production forecast for 2022, production...
Beginning in February 2022, already elevated global wheat prices surged in the wake of the conflict between Russia and Ukraine, who together accounted for 28 percent of all wheat exports in marketing year 2020/21. Throughout the current marketing year...
Source: USDA news release The April 2022 Wheat Outlook analyzes the 2020/21 and 2021/22 WASDE as well as supply and demand changes linked to new data from the U.S. Bureau of the Census and USDA, National Agricultural Statistics Service. To view...
The war in Ukraine is expected to expand wheat production in Argentina and Brazil, the primary wheat-producing nations in South America. Both nations will likely already increase wheat planting this season, which begins in May 2022. The high price of...
Key Points Global grain markets have been managing through a period of extreme price volatility following Russia’s military invasion of Ukraine. While markets are somewhat calmer now vs. three weeks ago, CoBank sees tight stocks-to-use and price volatility continuing...
Bloomberg writer Allison Nicole Smith reported yesterday that, “Wheat futures fell in a broad slump in commodities as markets assessed Ukraine-Russia talks and traders awaited a Federal Reserve decision on U.S. interest rates this week. ” Smith explained that, “Chicago...
Source: USDA news release The March 2022 Wheat Outlook analyzes the 2020/21 and 2021/22 WASDE as well as supply and demand changes linked to new data from the U.S. Bureau of the Census and USDA, National Agricultural Statistics Service. To view...
Nabih Bulos, Laura King, and Henry Chu reported on the front page of today’s Los Angeles Times that, “A dozen days into a devastating war and a burgeoning refugee crisis, Russian forces on Monday launched withering new attacks on...
David L. Stern, Alex Horton, Loveday Morris and Cate Cadell reported on the front page of today’s Washington Post that, “Russia has sent nearly all its assembled combat power into Ukraine and on Thursday unleashed some of the most...
Wheat futures were fueled by the ongoing Russia-Ukraine crisis on Wednesday. As a result, front-month wheat contracts hit daily trading limits and soared to a 14-year high. "May and July, both Hard Red Winter (HRW) and Soft Red Winter (SRF)...
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