CROPS
Corn
Soybeans
Wheat
Canola
Field Guide
Pulse
Cotton
Hay & Forage
Horticulture
Yield Data Centre
LIVESTOCK
Swine
Beef
Dairy
Poultry
Equine
EQUIPMENT
Used Farm Equipment
Farm Equipment Dealers
Machinery News
Technology
Cool Tools
OTHER RESOURCES
Ag Industry News
Agriculture Apps
Agriculture Associations and Organizations
Business & Finance
COVID-19 Resources
Farm Auctions
Farm Energy
Farm Real Estate
Farm Safety
Farm Supplies
Farm Videos
Government & Policy
Mental Health
Precision Ag Conferences
Reflections on Farm & Food History
Rural Lifestyle
Weather
Farms.com Group Businesses
Media & Publishing
Advancing Women in Agriculture ConferenceAg Buyer's GuideAgConnectionAg & CountryAgriville.comAgSearch.com
Alberta Seed GuideBetter FarmingBetter PorkFarms.com Risk ManagementFarms.com Precision Agriculture Digital Digest
Seed ManitobaSeed WorldService Truck MagazineSmall Farm CanadaSpud Smart
Software & Services
Farms.com Professional ServicesPigCHAMP
Talent Solutions
AgCareers.comCareersInFoodCareersInGroceryDe Lacy ExecutiveFoodGradsGrasslands Recruitment Specialists
Farms.com Home  › News

Wheat Market Outlook - September 5, 2023

  • Contrary to Vladimir Putin’s rhetoric, Russia has never exported more wheat than last crop year. The forecast for Russian exports by USDA is higher yet again for 2023/24.
  • For 2023/24, USDA forecasts Russia to produce 85 million mt of wheat (estimates by several other analysts are even higher) and forecasts Russian exports to reach 48 million mt. (Total global exports went from 195 million mt in 2019/20 to 214 million mt in 2022/23 and a forecast 212 million mt in 2023/24.)
  • If correct, Russian 2023/24 exports would be at 139 per cent of the 2019/20 exports, 13.5 million mt more than in that crop year.
  • The share of Russian exports of total global exports increased from, 21.5 per cent in 2019/20 to a forecast 29.3 per cent in 2023/24.
  • Meanwhile, exports by the RoW fell from 82.3 per cent in 2019/20 to an estimated 77.3 per cent in 2023/24.
Click here to see more...

Trending Video

Advanced Agronomy – Introducing BenVireo Stimtide

Video: Can I Speed Up My Potatoes + Freshening Up the Air

BenVireo® Stimtide® is an innovative biostimulant designed to increase plant energy and strengthen plant metabolism for more resilient growth and development. Watch to learn about the benefits of using BenVireo Stimtide during crop production.
 
Nomination window open for Wilson Loree award
Idalia’s effect on agriculture

Business News by Better Farming

General News by Better Farming

Forums by Agriville.com

A real lobby effort results ›
Winter wheat harvest Highwood Montana ›
U.S. Midwest Corn Pollination is Widespread in 13+ U.S. States! ›
Rain lottery ›
Friday crop.report on a Thursday middle of July on ›
Current N pricing ›

Machinery News by Better Farming

U.S. House Passes Farm Bill 2.0, Pesticide
U.S. House Passes Farm Bill 2.0, Pesticide 'Liabi... ›

Crop News by Better Farming

Energy Supply Disruptions Keep Oil and Fuel Prices Elevated
Energy Supply Disruptions Keep Oil and Fu... ›

Livestock News by Better Farming

North Dakota Pastureland Values Climb for Sixth Year
North Dakota Pastureland Values Climb for... ›

Sponsored Links: 

Highest Yielding Soybeans,  PigCHAMP Grow-Finish,  Precision Agriculture,  Swine Reproduction Software
Subscribe to our Newsletters Download Farms.com Apps Advertise with us
This website uses tracking tools, including cookies. We use these technologies for a variety of reasons, including to recognize new and past website users, to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests.
You agree to our Privacy Policy and Terms of Access by clicking I agree.