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Wheat

Cotton Futures Plummet, Dampening Growers' Hopes | Cotton Grower

As reported by Cotton Grower, cotton futures prices have taken a nosedive, falling below 82 cents per pound. In the past 12 trading days, December 2024 futures have lost over 5 cents, closing at just over 79 cents on April 17. Don Shurley of Cotton Grower notes that while export

Global Wheat Production Remains Stable, Consumption Rises

The USDA's latest Wheat Outlook report indicates that global wheat production for the 2022/23 marketing year will remain relatively stable, with a slight increase of 0.1 million metric tons (MMT) to 789.0 MMT. This stability is attributed to increased production in Ethiopia, which offset reductions

US Wheat Exports Hit 50-Year Low

The U.S. Department of Agriculture (USDA) reported a decline in U.S. wheat exports for the 2022/23 marketing year, as compared to the same period in the previous year. Exports reached only 775 million bushels, marking the lowest point since the 1971/72 season. This decrease is attributed

US Wheat Farmers Face Bleak Outlook as Oversupply Weighs on Prices | Reuters

As reported by Reuters, US wheat farmers are facing a difficult economic outlook in 2024 due to a combination of factors, including a global grain glut and high production costs. Prices for US wheat have plummeted as abundant supplies from the Black Sea and Europe have replenished global stockpiles. This,

Ukraine Backs Out of Black Sea Grain Deal Talks, Economist Says | Brownfield

Agricultural economist Jim McCormick, in an interview with Brownfield, said a proposed deal to resume grain exports from Ukraine through the Black Sea collapsed last month. According to McCormick, reports indicate Ukraine walked away from the agreement. The deal would have facilitated the movement of Ukrainian agricultural goods through the

China and EU Drive Surge in Global Wheat Imports

The latest Wheat Outlook published by USDA reported a significant increase in wheat imports by China and the European Union, driven by a rise in feed and residual use. Both regions are utilizing more wheat for animal feed due to large imports of feed-quality wheat and competitive pricing compared to

China's Wheat Production Poised for Record High as Consumption Stays Steady

China's wheat production is set to reach a record high in the 2024/25 marketing year, driven by favorable weather conditions and strong yields, according to a report published by the USDA's Foreign Agricultural Service (FAS) last week. The report projects China's wheat output