USDA analysts increased the wheat export forecast for Ukraine

World wheat production in the 2024/25 season is forecast at 796.85 million tons (-0.38 million tons compared to the previous forecast). This is evidenced by the USDA report for April.

The forecast for world wheat exports is 206.82 million tons (-1.37 million tons). Experts have increased the forecast for ending wheat stocks in the world to 260.7 million tons (+0.62 million tons).

The forecast for the wheat harvest in Ukraine has remained unchanged – 23.4 million tons, the export forecast has increased by 0.5 million tons – 16 million tons. Ending stocks will be at 1.49 million tons (-0.2 million tons).

The forecast for the US wheat harvest is unchanged at 53.65 million tons, the export estimate is 22.32 million tons (-0.4 million tons), and ending stocks are 23.03 million tons (+0.73 million tons).

Forecast for major wheat exporters for MY 2024/25:

USDA analysts forecast wheat production in China in the MY 2024/25 at 140.1 million tons, imports estimated at 3.5 million tons (-3 million tons), and ending stocks at 127.1 million tons (-2 million tons).

Tags: Ukraine, export, USDA Report, wheat