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.
Global wheat production in 2023/24 projected at
Down 1.4 MMT from last month
Global wheat consumption to total
Nearly even with last month
Global wheat ending stocks are expected to be
Up 560,000 MT from last month