• Facebook
  • Twitter
  • Vimeo
  • LinkedIn
  • SUBSCRIBE
  • MEMBER LOGIN
U.S. Wheat Associates
  • Our Story
    • About USW
    • Dependable People. Reliable Wheat.
    • Board of Directors
    • Staff Directory
    • Office Locations
  • Market Information
    • Market Information
    • Price Reports
    • Price Charting Tools
    • Supply and Demand
    • Commercial Sales
  • Crop Quality
    • Crop Quality
    • Harvest Reports
    • Hard Red Winter
    • Hard Red Spring
    • Hard White
    • Soft White
    • Soft Red Winter
    • Durum
  • Working With Buyers
    • Working With Buyers
    • Customer Conferences
    • Wheat Classes
    • Wheat Glossary
    • Wheat Grade Factors
    • How to Buy
    • Ask the Expert
    • Resources
  • Who We Represent
    • Who We Represent
    • Board Meetings
    • State Wheat Commissions
    • Partners
    • Trade Activities
  • Policy
    • Policy
    • Trade Negotiations
    • Trade Barriers
    • Innovation and Sustainability
    • Food Security and Assistance
    • Public–Private Partnership
  • News
    • Newsroom
    • Wheat Letter Blog
    • News Releases
    • Videos
  • Search
  • Menu Menu
You are here: Wheat Letter Blog 1
Market and Crop Analysis, Supply and Demand

World’s Farmers Outgrow Wheat Consumption Again

By Claire Hutchins, USW Market Analyst

USDA pegs 2020/21 world wheat production at a record 773 million metric tons (MMT), up 1% from last year and 3% above the 5-year average of 721 MMT. Total global supplies are forecast to reach a record 1,072 MMT, 2% more than last year. USDA projects significantly higher production in several of the world’s major exporting regions including Australia, Canada and Russia. Specifically, in Australia, production is expected to rebound 87% on the year to 28.5 MMT as favorable precipitation during the growing season pulled the country out of a severe, three-year drought. USDA estimates 2020/21 world wheat ending stocks will reach a record 321 MMT, up 7% from last year and 16% more than the 5-year average.

Higher global production and ending stocks are matched by increased global demand, lending confidence to the 26.5 MMT USDA forecast for the final 2020/21 U.S. wheat export volume. USDA expects total global consumption will reach a record 751 MMT this year, slightly higher than last year and 2% more than the 5-year average. Increased total global consumption is driven by a significant increase in human consumption which more than offsets reduced feed wheat use. Global human wheat consumption is expected to increase 2% on the year to a record 613 MMT. USDA expects global wheat trade to reach 190 MMT, slightly below last year’s record but 5% more than the 5-year average.

November 4, 2020/by actualize
Share this
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share by Mail
https://www.uswheat.org/wp-content/uploads/2021/07/20AUG-Montana-Video-Shoot-1.jpg 1055 2000 actualize https://www.uswheat.org/wp-content/uploads/USW-Logo-Full-Color.png actualize2020-11-04 21:25:252022-03-29 16:30:25World’s Farmers Outgrow Wheat Consumption Again

Wheatletter Sidebar

Quick Links

  • Newsroom
  • Wheat Letter Blog
  • News Releases
  • Videos

Wheat Letter Related Blogs

Variable yield potential shown in comparison of field from the Kansas wheat crop
Hard Red Winter, Hard White, Market and Crop Analysis

Scenes From A Variable but Smaller Kansas Wheat Crop

The anxiously awaited Hard Winter Wheat Tour sponsored by the Wheat Quality Council that ended…
MORE
May 20, 2022
https://www.uswheat.org/wp-content/uploads/052022-wheat-tour-story-header.png 570 1104 Steve Mercer https://www.uswheat.org/wp-content/uploads/USW-Logo-Full-Color.png Steve Mercer2022-05-20 15:18:062022-05-20 15:29:31Scenes From A Variable but Smaller Kansas Wheat Crop
U.S. wheat loading on a bulk vessel for export to illustrate export market development concept.
Exports, Technical Service Activities, Trade Service Activities, Wheat Export Supply System

New Study: Agricultural Export Market Development Has Wide-Ranging Benefits

A recently released econometric study confirmed that two export market development programs…
MORE
May 19, 2022
https://www.uswheat.org/wp-content/uploads/Export-Elevator-Header-Photo-1.jpg 570 1104 Steve Mercer https://www.uswheat.org/wp-content/uploads/USW-Logo-Full-Color.png Steve Mercer2022-05-19 13:07:262022-05-19 16:12:25New Study: Agricultural Export Market Development Has Wide-Ranging Benefits

Stay up to date on wheat industry news!

SUBSCRIBE

Think Farm Export Programs Don’t Matter? Think Again.

GET THE REST OF THE STORY

Our Story

  • About USW
  • Dependable People. Reliable Wheat.
  • Board of Directors
  • Staff Directory
  • Office Locations

Market Information

  • Market Information
  • Price Reports
  • Price Charting Tools
  • Supply and Demand
  • Commercial Sales

Crop Quality

  • Crop Quality
  • Harvest Reports
  • Hard Red Winter
  • Hard Red Spring
  • Hard White
  • Soft White
  • Soft Red Winter
  • Durum

Working with Buyers

  • Working With Buyers
  • Customer Conferences
  • Wheat Classes
  • Wheat Glossary
  • Wheat Grade Factors
  • How to Buy
  • Ask the Expert
  • Resources

Who We Represent

  • Who We Represent
  • Board Meetings
  • State Wheat Commissions
  • Partners
  • Trade Activities

Policy

  • Policy
  • Trade Negotiations
  • Trade Barriers
  • Innovation and Sustainability
  • Food Security and Assistance
  • Public-Private Partnership

News

  • Newsroom
  • Wheat Letter Blog
  • News Releases
  • Videos

DTN Wheat Detail
DTN Corn Detail

2008-2013 U.S. Wheat Associates. All Rights Reserved
Privacy Policy | Non-Discrimination Statement

Scroll to top