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.
March 2024
Global wheat production in 2023/24 projected at
786.7 MMT
Up 1.0 MT from last month
Global wheat consumption to total
798.9 MMT
Up 1.5 MMT from last month
Global wheat ending stocks are expected to be
258.8 MMT
Down 610,000 MT from last month