Each month, U.S. Wheat Associates (USW) updates a graphic summary of USDA’s WASDE (World Agricultural Supply and Demand Estimates) report. The report includes global wheat market factors, major country and regional export history, and U.S. wheat supply and demand summaries by class. The data may be used without permission, but attribution to USW and USDA is appreciated. USDA’s projections are subject to change throughout the year depending on weather and other developments.
May 2023
Global wheat production in 2023/24 projected at
789.8 MMT
Up 1.5 MMT from 2022/23
Global wheat consumption to total
791.7 MMT
down 3.0 MMT from 2022/23
Global wheat ending stocks are expected to be
264.3 MMT
Down 1.9 MMT from last year