International Wheat Market Conditions

05-Dec-2024 08:08 AM

International Wheat Market Conditions
Export Sales Report
Weekly Wheat Sales Forecast:
For the week of November 28, wheat export sales are projected between 250,000 and 550,000 metric tons (MT) according to a Reuters survey.
Drought Conditions in the United States
Winter Wheat Regions:
After some relief from dry conditions in November, dryness is expected to return to most US winter wheat-growing areas next week.
Soft Red Winter (SRW) regions, however, may experience slight improvements in conditions.
Canada Wheat Production
Stats Canada Report (due tomorrow):
Total wheat production in Canada is estimated at 35.04 million metric tons (MMT) for this year, up from last year’s 32.95 MMT.
Of this, spring wheat is expected to contribute 25.98 MMT.