Market Outlook

Wheat Outlook, June 2019 (summary)

2019/20 Wheat Production, Feed and Residual Lifted, Exports Continue to Face Headwinds

This month’s USDA, National Agricultural Statistics Service Crop Production report provided revised winter wheat and desert durum production for 2019/20. On net, winter wheat is raised 6 million bushels on improved yields. Production gains help to offset the effects of lower carryin stemming from increased back-year exports and leading to reduced total supplies month-to-month.

See the June Wheat Outlook report and previous reports.