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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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2026 USDA Acreage Fireworks Next Week? + RVO’s Old new

Video: 2026 USDA Acreage Fireworks Next Week? + RVO’s Old news


Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.