IDAHO WHEAT COMMISSION

News

Global Wheat Forecasts Show Varying Options

There remains a number of reasons for concern when it comes to North American wheat, with dry conditions affecting the Southwestern Plains of the United States, a slow start to spring fieldwork in the northern states, dry conditions on the Prairies and tight stocks. The USDA's March 31 Grain Stocks reports shows U.S. stocks of wheat as of March 1 at the lowest level seen in 15 years. At the same time, AAFC's current forecast for Canada's July 31, 2023, show all-wheat stocks of 4.4 million metric tons (mmt) up from the previous year.

Global Wheat Forecasts