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  1. Jun 14, 2021 · The June 2021 Wheat Outlook explains USDA’s changes in the official projections for U.S. and world wheat supply and use in the 2020/21 and 2021/22 marketing years that were released in the June 10 World Agricultural Supply and Demand Estimates report.

  2. 4 Agricultural Prices (April 2021) USDA, National Agricultural Statistics Service March Prices Received by Farmers Crop production: The March index, at 99.3, is 1.2 percent higher than February and 14 percent higher than March 2020.

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  3. The September 2021 all-wheat farmgate price was estimated at $7.55, which is up from $7.13 in August 2021 and 63 percent above the $4.73 in September 2020. Through the last month, futures prices have surged higher, reaching contract highs on November 1 before trending down this week.

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  4. The October 2021 all-wheat farmgate price was estimated at $7.90, which is up from $7.75 in September 2021 and well above the $4.98 in October 2020. The major changes to the U.S. all-wheat balance sheet are summarized in table 1. Winter Wheat Progress.

  5. Winter wheat production is forecast at 1.36 billion bushels, up 4 percent from the June 1 forecast and up 16 percent from 2020. As of July 1, the United States yield is forecast at 53.6 bushels per acre, up 0.4 bushel from last month and up. 2.7 bushels from last year’s average yield of 50.9 bushels per acre.

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  6. Tightened Supplies Lift 2021/22 U.S. Wheat Price to 8-Year High. This month, USDA, National Agricultural Statistics Service (NASS) released the first survey-based winter wheat production forecast for the 2021/22 marketing year, indicating a 10 percent year-to-year increase.

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  8. Cottonseed and canola oil prices reached highs in May 2021 of 102 and 94 cents per pound, respectively, which have not been matched since the 1994/95 marketing year. Corn oil prices also peaked at 68 cents per pound in May, nearly 26 cents higher than the 2020/21 marketing year opening price.

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