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• U.S. wheat exports for 2024/25 are forecast up 25 million bushels to 800 million bushels on larger domestic supplies and lower projected shipments from key competitors. • U.S. wheat imports for 2023/24 are unchanged at 140 million with no adjustments to by-
• U.S. wheat imports for 2023/24 are unchanged at 135 million bushels. • The 2022/23 season-average farm price remains at a record $8.85 per bushel. The April 2023 farm price reported in the USDA, NASS Agricultural Prices publication was $8.31 per bushel, down slightly from $8.34 in March 2023.
Apr 23, 2024 · U.S. wheat ending stocks in 2023/24 are projected at 556 million bushels, down 7 percent from 2022/23 to the lowest level since 2007/08. Total supplies are down 3 percent from the previous year with tighter beginning stocks more than offsetting slightly higher production and imports.
With abundant domestic supplies, wheat imports are expected to revert to a more typical level after being elevated in 2023/24 as a result of drought in major HRW areas. Feed and residual use for 2024/25 is forecast up 10 million bushels to 100 million based on the larger expected crop.
Mar 12, 2024 · The March 2024 Wheat Outlook analyzes the 2022/23 and 2023/24 WASDE as well as supply and demand changes linked to new data from the U.S. Department of Commerce, Bureau of the Census and USDA, National Agricultural Statistics Service.
Official U.S. all-wheat imports for June 2023–January 2024, calculated with data from the U.S. Department of Commerce, Bureau of the Census (Census Bureau), are estimated at 96 million bushels, up 17 percent from the same months in 2022/23.
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Note: For wheat and corn, global market share is calculated using the trade year export data, which is July/June for wheat, October-September for corn. For soybeans, local marketing year exports are utilized, except for Argentina and Brazil which are adjusted to an October-September basis.
