USDA left the assessment of the wheat crop forecast in Ukraine unchanged

The world wheat production in 2024/25 season is forecasted at 793.79 mln tonnes (+0.55 mln tonnes to the previous forecast). This is evidenced by the USDA report for February.
The forecast for world wheat exports is 208.99 million tons (-3.01 million tons). Experts lowered the forecast of ending wheat stocks in the world to 257.56 million tons (-1.26 million tons).
The assessment of the wheat harvest forecast in Ukraine remained unchanged – 22.9 million tons, the export forecast was reduced by 0.5 million tons – to 15.5 million tons. Ending stocks will be at 1.29 million tons (+0.3 million tons).
The forecast for the wheat harvest in the United States remained unchanged – 53.65 million tons, exports are estimated at 23.13 million tons, ending stocks – 21.62 million tons (-0.09 million tons).
Forecast for major wheat exporters for MY 2024/25:
Country | Harvest, mln tons | Exports, mln tons | Reserves, mln tons |
Argentina | 17,7 (+0,2) | 11,5 (0) | 3,7 (+0,2) |
Australia | 32 (0) | 25 (0) | 2,61 (0) |
Canada | 34,96 (0) | 26 (0) | 4,59 (+0,7) |
EU | 121,3 (0) | 28 (-1) | 10,59 (0) |
Russia | 81,5 (0) | 45,5 (-0,5) | 9,74 (+0,5) |
USDA analysts forecast the wheat production in China in 2024/25 MY at 140.1 mln tonnes, the imports estimate – 8 mln tonnes (-2.5 mln tonnes), the ending stocks – 130.6 mln tonnes (-2.5 mln tonnes).
Read also
Grain & Oilseed Quality 2025: From Weather Risk to Margin
Soybean oil quotes fall, but stable palm oil prices and high sunflower oil prices ...
EU will hold a public consultation on simplifying food and feed safety regulations.
Ukrainian corn this season is unlikely to be wasted on the Chinese market
German rapeseed oil exports are declining
Write to us
Our manager will contact you soon