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WASDE :2018/19 wheat supply and demand estimates are unchanged from last month

The U.S. 2018/19 wheat supply and demand estimates are unchanged from last
month. There are offsetting by-class changes for both exports and imports. The seasonaverage
farm price range is unchanged at the midpoint of $5.10 per bushel and the range is
narrowed $0.20 per bushel to $4.70 to $5.50.

Global wheat supplies for 2018/19 are raised 4.7 million tons on a 3.4-million-ton production
increase and higher beginning stocks. The Russian crop is raised 3.0 million tons on harvest
results to date in the winter wheat region and continued excellent weather in the spring wheat
belt. Kazakhstan is raised 0.5 million tons also on excellent spring wheat conditions.
Production is increased 2.7 million tons in India to a record 99.7 million on updated
government data. These increases are partially offset by a 2.0-million-ton decrease in
Australia and a 1.0-million-ton decrease in Canada, both reflecting continued dry conditions
during the growing season. Global exports are lowered 2.5 million tons with a 2.0-million-ton
reduction for Australia and a 0.5-million-ton reduction for Canada, both on smaller crops.
Indonesia and Iran imports are down 1.0 million tons and 0.5 million tons, respectively. Global
use is raised 2.3 million tons primarily on a 2.0-million-ton increase for Russia feed and
residual use and a 1.0-million-ton increase for EU feed and residual use. With total supplies
rising faster than use, global ending stocks are raised 2.3 million tons to 261.3 million but are 5
percent below last year’s record. 

Source : WASDE

Trending Video

Why Your Food Future Could be Trapped in a Seed Morgue

Video: Why Your Food Future Could be Trapped in a Seed Morgue

In a world of PowerPoint overload, Rex Bernardo stands out. No bullet points. No charts. No jargon. Just stories and photographs. At this year’s National Association for Plant Breeding conference on the Big Island of Hawaii, he stood before a room of peers — all experts in the science of seeds — and did something radical: he showed them images. He told them stories. And he asked them to remember not what they saw, but how they felt.

Bernardo, recipient of the 2025 Lifetime Achievement Award, has spent his career searching for the genetic treasures tucked inside what plant breeders call exotic germplasm — ancient, often wild genetic lines that hold secrets to resilience, taste, and traits we've forgotten to value.

But Bernardo didn’t always think this way.

“I worked in private industry for nearly a decade,” he recalls. “I remember one breeder saying, ‘We’re making new hybrids, but they’re basically the same genetics.’ That stuck with me. Where is the new diversity going to come from?”

For Bernardo, part of the answer lies in the world’s gene banks — vast vaults of seed samples collected from every corner of the globe. Yet, he says, many of these vaults have quietly become “seed morgues.” “Something goes in, but it never comes out,” he explains. “We need to start treating these collections like living investments, not museums of dead potential.”

That potential — and the barriers to unlocking it — are deeply personal for Bernardo. He’s wrestled with international policies that prevent access to valuable lines (like North Korean corn) and with the slow, painstaking science of transferring useful traits from wild relatives into elite lines that farmers can actually grow. Sometimes it works. Sometimes it doesn’t. But he’s convinced that success starts not in the lab, but in the way we communicate.

“The fact sheet model isn’t cutting it anymore,” he says. “We hand out a paper about a new variety and think that’s enough. But stories? Plants you can see and touch? That’s what stays with people.”

Bernardo practices what he preaches. At the University of Minnesota, he helped launch a student-led breeding program that’s working to adapt leafy African vegetables for the Twin Cities’ African diaspora. The goal? Culturally relevant crops that mature in Minnesota’s shorter growing season — and can be regrown year after year.

“That’s real impact,” he says. “Helping people grow food that’s meaningful to them, not just what's commercially viable.”

He’s also brewed plant breeding into something more relatable — literally. Coffee and beer have become unexpected tools in his mission to make science accessible. His undergraduate course on coffee, for instance, connects the dots between genetics, geography, and culture. “Everyone drinks coffee,” he says. “It’s a conversation starter. It’s a gateway into plant science.”