The U.S. wheat price outlook remains stable at $5.70 per bushel for the 2024/25 season. However, globally, wheat supplies are projected to increase by 1.5 million tons to 1,062.1 million tons, driven by higher beginning stocks, especially in Canada. While production declines in the EU due to adverse weather, Australia and Ukraine are expected to see increases in output. Global consumption is also forecasted to rise, driven by higher feed use, while global trade is projected to grow, supported...
Global Wheat Market Sees Rising Supplies and Trade by Amit Gupta, Kedia Advisory
The 2023/24 U.S. wheat outlook witnesses an 11-million-bushel drop in ending stocks, influenced by decreased supplies and altered usage. Meanwhile, the global wheat landscape transforms with larger supplies, heightened consumption, increased trade, and augmented ending stocks, driven by notable shifts in key producing nations like Ukraine, Russia, and the EU. Amidst this dynamic scenario, India and the EU play pivotal roles in boosting global consumption, while Ukraine emerges as a significan...
Bumper Wheat Harvests Shape Global Markets by Amit Gupta, Kedia Advisory
