International Wheat Market

20-Nov-2024 10:15 AM

International Wheat Market
Winter Wheat in the U.S.: According to the latest NASS (National Agricultural Statistics Service) report, 49% of the U.S. winter wheat crop is in good condition, suggesting stable production prospects for the coming season.

Ukraine Wheat Production: Ukraine has increased its wheat sowing by 400,000 hectares for 2025, with an expected total production of 25 million tons. This represents a 3 million ton increase over 2023 levels, indicating recovery or growth in wheat output despite the ongoing conflict.

Brazil-China Agricultural Agreement: A new trade agreement may soon be signed between Brazil and China for the import-export of agricultural products, which could potentially affect wheat trade flows, particularly in the context of Brazil's broader agricultural exports.

These developments highlight key shifts in major wheat-producing countries and could influence global wheat supply and pricing trends in the near future.