USDA Wheat Outlook: Global Wheat Exports Raised to Record-High 194 Million Metric Tons
Production increases for key exporting nations Australia, Russia, and Canada have lifted the 2020/21 global wheat harvest by nearly 1.3 million tons and bolster exportable supplies, according to the Dec. 14 U.S. Department of Agriculture Wheat Outlook report.
Expanded availability and strong import demand helps to lift global consumption and contributes to a more than 2.8-million-ton increase in global exports.
With global exports record high at 193.6 million tons, the U.S. is expected to benefit modestly from the uptick in demand for wheat.
The U.S. all-wheat export forecast is raised 0.3 million tons this month to 26.8 million, largely on the strength of demand for white wheat from markets in Asia.
Following the change, the U.S. remains the second-largest exporter of wheat, behind only Russi
To read the full report, click here.
Related Articles:
National Association of Wheat Growers Lauds Nomination of Tom Vilsack For Agriculture Secretary
Turkey State Grain Board Issues International Tender to Purchase 400,000 Tonnes of Milling Wheat