Farms.com Home › News

Wheat Market Outlook - September 5, 2023

Sep 06, 2023

Subscribe to our Newsletters

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

All About Allelopathy

Video: All About Allelopathy

Farm Basics from Ag PhD Episode #1457 | Air Date 3/8/26 - Some plants look innocent, but they're quietly sabotaging the competition! The Heftys go underground to report on this stealth warfare.

Nomination window open for Wilson Loree award

Idalia’s effect on agriculture

Business News by Better Farming

Students Explore Apple Farming Through Virtual... ›

USDA Launches Bold Plan to Boost US Cotton ›

AI Earnings Boom and China Trade Hopes Impact ... ›

Crop and Livestock Income Protection (CLIP) Ba... ›

Governor Mills Kicks Off Dairy Month at Brigee... ›

As Farming Goes High Tech, Universities Grow N... ›

Farm Bankruptcies Hit Six-Year High in April ›

Rooted in Leadership: Women are Shaping Agricu... ›

General News by Better Farming

Weekly Hog Market Facts: Ontario Prices Hold Stea... ›

Ontario Invests in Innovation and Protection for ... ›

Strohbehn Named Iowa Pork Producers Association P... ›

Farmers beware of Bass Farm Equipment ›

CPKC trains operating during IBEW strike ›

Ag in the House: May 25 – 29 ›

Five Producers Appointed to Help Drive Industry P... ›

What Will People Be Talking About at World Pork E... ›

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 ›

Current N pricing ›

Machinery News by Better Farming

Innovative Farmer Boosts Efficiency with 360 RAIN, Precision Tech & Mixed Fleet

Innovative Farmer Boosts Efficiency with 360 RAIN... ›

MASCHIO GASPARDO Opens Its First Full Line Store i... ›

Ritchie Bros. Completes BigIron Acquisition ›

Vi by visorPRO Unveils Vi 3.0: Next-Generation AI ... ›

Sherwin-Williams Recognized as a John Deere 'Partn... ›

Crop News by Better Farming

Drought Reaches Record Levels Across U.S. Midwest - What

Drought Reaches Record Levels Across U.S.... ›

Atrazine Not Likely to Jeopardize Endan... ›

CPKC trains operating during IBEW strike ›

Clean Ammonia From Polluted Water Break... ›

Read Label Before Crop Spray ›

Livestock News by Better Farming

Strohbehn Named Iowa Pork Producers Association Producer Education Director

Strohbehn Named Iowa Pork Producers Assoc... ›

Swine Webinar Focuses on Disease and An... ›

Five Producers Appointed to Help Drive ... ›

What Will People Be Talking About at Wo... ›

New findings advance African swine feve... ›

Sponsored Links:

Highest Yielding Soybeans, PigCHAMP Grow-Finish, Precision Agriculture, Swine Reproduction Software

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.