Outlook

Crop markets called lower on Thursday

Corn futures are called 9 to 12 cents lower. Overnight trade at 6:45 am CT was 8 3/4 to 12 1/2 cents lower. Further losses are expected in the corn market this morning. FULL STORY »

U.S. 2011/2012 wheat supplies and ending stocks down

U.S. wheat supplies for 2011/12 are lowered this month as reduced carryin more than offsets an increase in expected production. FULL STORY »

World wheat export changes for 2011/2012 are offsetting

World wheat trade projected for 2011/12 (July-June) is up fractionally this month, by 250,000 tons. A 0.5-million-ton increase in projected imports for EU-27 more than offsets a 0.2-million ton reduction for Bangladesh, while even smaller changes for imports by Jamaica and New Zealand are offsetting. However, there are important shifts in expected market shares among wheat exporters. FULL STORY »

World wheat trade in 2010/2011 revised sightly, U.S exports up

World wheat trade in 2010/11 is estimated to reach 128.0 million tons, up1.8 million this month. As the end of the July-June marketing year approaches, the pace of sales and shipments indicated several adjustments. FULL STORY »

USDA wheat baseline, 2011-2020

Each year, USDA updates its 10-year projections of supply and utilization for major field crops grown in the United States, including wheat. FULL STORY »

Domestic wheat situation and outlook: 2011 crop conditions vary widely across the country

USDA’s National Agricultural Statistical Service’s (NASS) June 6 Crop Progress reported that 34 percent of the winter wheat crop is rated good to excellent and 44 percent was rated poor to very poor. FULL STORY »

Corn conditions improve slightly

The USDA’s latest Crop Progress report released June 13 showed 69 percent of corn in the top 18 producing states rated in “good” to “excellent” condition, compared to 67 percent last week. FULL STORY »

2011/2012 wheat stocks down year-to-year

The 2011/2012 outlook for U.S. wheat is for reduced supplies with lower carrying and production than in 2010/2011. Beginning stocks for 2011/12 are down 14 percent from 2010/11, but remain the second-highest in a decade. FULL STORY »

Foreign wheat supplies, use, and stocks are up slightly

Foreign wheat beginning stocks for 2011/12 are forecast down 10.3 million tons to 159.4 million. This stocks decline partly offsets the projected 25.9-million-ton increase in production, and foreign wheat supplies are up 15.7 million tons year-to-year. FULL STORY »

World wheat production to increase following FSU-12 recovery in 2011/2012

World wheat production in 2011/12 is projected to reach 669.6 million tons, up 21.4 million, or 3 percent from the previous year. Foreign wheat production is projected to increase 25.9 million tons, or 4 percent compared to 2010/11. FULL STORY »

Domestic wheat situation and outlook: Projected 2011 spring production

Durum and other spring wheat production is projected at 619 million bushels, down 14 percent from 2010/11, based on 10-year harvested-to-planted ratios and State yield trends for 1985-2008. FULL STORY »

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