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The wheat market remains in flux as production has shifted away from a stable, transparent US hub to more regional production centers, notably the Black Sea. Disruptions from geopolitical conflicts, severe weather and logistic snarls have upended traditional trade flows and driven price volatility. While overall global production remains stable, buyers are facing supply and price uncertainty throughout the market, from animal feed to pasta production.
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There has been an increase in daily volumes compared to last year, although wheat exports are slightly down, according to sources
The country’s agriculture secretariat showed a surge in sales for both the 2022-23 crop and the 2023-24 crop
Slower deliveries of wheat and corn feed factor into recent projections of cattle and pork production
Frost and drought affect the country’s grains and oilseeds production
The US Department of Agriculture (USDA) boosted its 2023-24 US production, ending stocks and domestic consumption estimates while slightly trimming global output and supply projections
According to data from the country’s agriculture secretariat, sales decrease by 24.3%
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