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Wheat Outlook -- Global Stocks are Down, but Still Quite High

Global wheat stocks are down from last year's record high, but still substantial. (Stephanie Ho; Seth Meyer, WAOB Chair; Rob Johansson, USDA Chief Economist)

 

Source: USDA


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A “Nothing Burger” from Trump Xi Summitt + Bullish USDA May Crop Report for Wheat!

Video: A “Nothing Burger” from Trump Xi Summitt + Bullish USDA May Crop Report for Wheat!


The 2026 Trump/Xi Summit in China was one BIG disappointment, but the USDA May Crop Report was bullish U.S. wheat. Wheat Quality Council Tour confirmed the lower wheat production from the USDA for Kansas. Could the U.S. drought travel East and North into the top “I” states from June to August of 2026? #1 U.S. pork buyer Mexico bans 10% of supplies. E15 passes through U.S. Congress but will it pass in the Senate? Higher U.S. wholesale inflation reminds us of 2020-2022. Meal futures spiking + CFTC.