World wheat trade is raised for 2011/12 as higher expected imports for a number of countries and larger exportable supplies in major exporting countries support increased trade. Imports are raised 0.5 million tons each for Egypt, Morocco, and Turkey. Smaller increases also are projected for Libya, Thailand, Taiwan, and Tunisia. Exports are raised 2.0 million tons each for Australia and Russia. Exports are raised 1.0 million tons each for Canada and Kazakhstan. Reduced competition from U.S.spring wheat boosts prospects for Canada, while the record crop adds to available supplies in Kazakhstan. World wheat feeding is lowered 4.6 million tons led by the 2.2-million-ton reduction for the United States. Wheat feeding is lowered 2.0 million tons for Russia as exports draw wheat away from domestic use. Wheat feeding is also lowered 1.4 million tons for Australia in part reflecting lower usage indications from the latest official stocks estimate. Global ending stocks are raised 7.8 million tons this month to 202.4 million. As projected, 2011/12 stocks would be a 10-year high.
WASDE: Lower domestic and export use offset reduced wheat production
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- Ag markets ended the week in decidedly mixed fashion
- Vilsack: Farm Bill, budget expand opportunity in rural America
- Crop markets set back from early-Friday highs
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- Accelerated Genetics sets Leadership Conference
- “Ag-gag” laws in the news
- Conventional agriculture winning some, losing some in culture war
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- Preventing roof collapses from snow on agricultural buildings
- Monsanto opens search for 2014 "Farm Mom of the Year"
- School breakfasts celebrated from coast to coast