Graph: More Downside Possible in US Wheat Exports

Jan 25, 2023

There may still be additional downside in what is an already much smaller 2022-23 US wheat export forecast.

According to USDA export sales data, US wheat export sales total commitments - outstanding sales along with accumulated exports- amounted to 15.1 million tonnes as of Jan. 5, down 7% from the same time last year and representing 71% of the full marketing year estimate of 775 million bu, or 21.1 million tonnes. (See graph below).

That is lower than the percentage of the wheat export estimate met by total commitments at the same point in nine of the last 10 years, “suggesting that U.S. wheat may need a slightly stronger pace of sales in the coming months to meet the current projection,” the USDA said in its January Wheat Outlook.

If accurate, projected 2022-23 US wheat exports would be the lowest in 51 years, weighed down by tight domestic supplies and a huge crop in Russia that is being offered up to world markets at deeply discounted prices.

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Video: A chain harrow is a game changer

Utilizing a rotational grazing method on our farmstead with our sheep helps to let the pasture/paddocks rest. We also just invested in a chain harrow to allow us to drag the paddocks our sheep just left to break up and spread their manure around, dethatch thicker grass areas, and to rough up bare dirt areas to all for a better seed to soil contact if we overseed that paddock. This was our first time really using the chain harrow besides initially testing it out. We are very impressed with the work it did and how and area that was majority dirt, could be roughed up before reseeding.

Did you know we also operate a small business on the homestead. We make homemade, handcrafted soaps, shampoo bars, hair and beard products in addition to offering our pasture raised pork, lamb, and 100% raw honey. You can find out more about our products and ingredients by visiting our website at www.mimiandpoppysplace.com. There you can shop our products and sign up for our monthly newsletter that highlights a soap or ingredient, gives monthly updates about the homestead, and also lists the markets, festivals, and events we’ll be attending that month.