U.S. Wheat Exports Rebound in 2024/25 Thanks to Increased Production and Price Competitiveness

Farmers are already prepping their combines for harvest by the time the wheat marketing year ends on May 31, but a look back shares the story of the commitment of U.S. farm families and the industries that support them to keeping the U.S. wheat store open for the world’s buyers.

The 2024/2025 marketing year (June 1, 2024-May 31, 2025) realized a rebound in U.S. wheat exports, driven largely by recovery in U.S. wheat production and competitive pricing. Overall, total U.S. wheat exports increased nearly 16% year-over-year to 820 million bushels (22.3 million metric tons), according to USDA’s June 2025 World Agricultural Supply and Demand Estimates (WASDE) report.

Significantly, this increase was achieved despite China being relatively absent from the U.S. and global wheat market this past marketing year. The Chinese government limited wheat imports to protect its domestic producers, resulting in roughly 147 million bushels (4.0 MMT) imported from all origins, a sharp 70% decrease from the prior year.