The US Department of Agriculture in its World Agricultural Supply and Demand Estimates report this week made no changes to its domestic wheat outlook for 2022-23 but said the global wheat outlook was for slightly smaller supplies, increased trade and consumption and lower ending stocks compared with February. The USDA forecast the 2022-23 world wheat supply at 1,060.39 million tonnes, down 110,000 tonnes from the February projection. Supplies were lowered on a decrease in beginning stocks (mostly on an increase for China’s 2020-21 feed and residual use), which more than offset an increase in world wheat production.