In its first assessment of the global supply balance for wheat, the US Department of Agriculture (USDA) expects world-wide production, rising consumption and yet higher final stocks. The world wheat harvest 2019/20 is forecast at 777.5 million t, which would be just under 46 million t more than in 2018/19. The main wheat-producing countries, such as the EU, Argentina, Australia, Canada, Russia...
- US corn area will probably not reach the targeted size due to weather conditions
- Drought in Europe
- Wet in the USA
- Unsatisfactory export business pushes courses in Chicago and Paris
- Harvesting in the southern hemisphere bigger than expected
- Hardly any demand on the German grain market