International Wheat Market

12-Feb-2025 08:08 AM

International Wheat Market
In this morning's USDA WASDE report, the US carryout estimate was reduced by 4 million bushels (MBU), bringing it to 794 million bushels (MBU). This reduction was due to a 4 million bushel increase in the food use category. Globally, the WAOB cut the total world stocks by 1.26 million metric tons (MMT), bringing the total to 257.56 million metric tons (MMT).