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:
| Country | Yield, mln tons | Exports, mln tons | Reserves, mln tons |
| Argentina | 18,54 (+0,04) | 11,5 (0) | 4,44 (-0,6) |
| Australia | 34,1 (0) | 25,5 (-0,5) | 3,72 (+0,5) |
| Canada | 34,96 (0) | 26,5 (+0,5) | 4,09 (-0,5) |
| EU | 121,02 (-0,28) | 26,5 (-0,5) | 11,29 (+0,7) |
| Russia | 81,6 (0) | 44 (-1) | 11,34 (+1) |
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).
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