USDA: Comfortable wheat supply

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


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  • First USDA estimate for grain harvest 2019/20

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