Wheat Market News

Hopes for a bumper harvest in Europe are fading as a challenging start to summer threatens to drag down crop yields, according to the latest report from the European Commission's Joint Research Centre (JRC). While overall forecasts remain close to the five-year average, a combination of waterlogged fields,

The US wheat market is poised for a strong year, with exports expected to rise as global production faces challenges and competition shifts, according to the latest report from the USDA. The USDA projects US wheat exports to reach 800 million bushels in the 2024/25 marketing year, a 25-million-bushel

A report published today by the Rosario Board of Trade reveals a mixed picture for the global wheat market, with domestic Argentine prices retreating despite a strong start to the planting season and a surge in trade activity. Argentina: Planting Gains Momentum, Prices Retreat Wheat planting in Argentina is progressing

The USDA revising its forecast for corn and wheat exports downward, reflecting the broader landscape of shifting prices and global competition. In a report published on Wednesday, the agency forecasts US grain and feed exports to reach $37.6 billion in fiscal year (FY) 2024, a $600 million decline from

Drought conditions have severely impacted wheat yields in Morocco and Algeria, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. Meanwhile, Egypt is expected to have a near-average wheat harvest, bolstered by irrigation and favorable weather conditions. Morocco: Negative Outlook

The European crop outlook remains positive overall, with yield forecasts at the EU level still above the five-year average, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. However, recent weather patterns have brought both favorable and challenging conditions, impacting

Russia is strengthening its control over its vital grain sector, potentially giving it greater sway over exports just as global supply concerns escalate, according to a report by Bloomberg published on Sunday. This consolidation of the grain industry coincides with a spike in wheat prices, driven by poor weather conditions

The International Grains Council (IGC) has revised its forecast for global grain production in the 2023/24 marketing year downward, citing smaller-than-expected sorghum and barley harvests. While the supply outlook is somewhat buffered by increased carry-in stocks, the IGC also trimmed its forecast for global ending stocks, reflecting tighter supplies.

US wheat sales rebounded in the week ending May 2, 2024, while corn exports continued to decline, according to the latest export sales data released by the United States Department of Agriculture (USDA). Net sales of US wheat for the 2023/2024 marketing year totaled 78,500 metric tons (MT)