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May 28, 2024 · The initial outlook for the 2024/25 balance sheet points to a bullish market trend. Global wheat consumption may exceed production by as much as 4.2 MMT, further tightening stock levels. As a result, 2024/25 ending stock level estimates decrease to 253.6 MMT, a 4.2 MMT reduction from the year prior, and the lowest level since 2015/16.
- Setting the Stage for the 2024/25 World Wheat Crop
As March begins, world wheat markets look to new information...
- Setting the Stage for the 2024/25 World Wheat Crop
Mar 6, 2024 · As March begins, world wheat markets look to new information that may provide a glimpse into what the 2024/25 marketing year brings. As northern hemisphere winter wheat crops break dormancy, weather becomes increasingly important. Meanwhile, southern hemisphere farmers shift their focus to spring crops and the winter wheat planting season.
Feb 5, 2024 · For the 2024-25 season, it forecasts production to improve to 5.4 million tonnes with a larger area seeded and yields are expected to improve from 2023 levels. Longer term weather outlook
Mar 14, 2024 · The IGC expects world wheat production to hit 798.8 million tonnes in 2024/25, which compares with 789.5 million tonnes in the current marketing year. Of that total, the IGC forecasts Canadian wheat production at 38.3 million tonnes, which compares with the IGC’s call for 2023/24 Canadian wheat production of 36.1 million tonnes. World wheat ...
the market, as the estimates quantified the sustained re-cord export flows from the Black Sea and increased end-ing stock levels. The 2023/24 global wheat production is forecast at 784.9 MMT, up 1.9 MMT from December’s estimates. Meanwhile, world wheat demand remains at a record high of 796.4 MMT, outpacing world wheat produc-tion by 11.5 MMT.
In 2024/25, feed and residual use is expected to weaken as corn will be more price competitive for feed in most markets, especially given large Brazilian production. Barley feed and residual use will also expand with rebounding global production, resulting in less use of
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What does 2024/25 mean for world wheat markets?
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What happened to China's wheat food consumption forecast for 2024/25?
Jun 9, 2024 · Despite the upward revision, global trade in coarse grains is still forecast to decline in 2024/25 to 232.9 million tonnes, representing a 4.2 percent contraction from 2023/24. The forecast for world wheat trade in 2024/25 (July/June) has also been raised, by 1.2 million tonnes, to 199.4 million tonnes.
