Wheat News

What with all of the wheat that is grown throughout the ag information network of the West’s listening area, it seems timely to bring you some very specific wheat news. The U.S. Department of Agriculture in the most recent World Ag Supply Demand Report projects the carry over of all wheat this coming June at nine hundred and seventy four million bushels. That's down 40 million bushels or 3.9 percent. That's the lowest carryover in five years and based on projected lower imports and higher exports for next year. Import projections are one hundred and five million bushels, the lowest in nine years. Exports are forecast at nine hundred and seventy five million bushels, up twenty five million bushels from November. But average of all wheat paid to farmers last year was projected at $4.55 a bushel. That's down 5 cents from November and down 61 cents from last year. But the new projections could see prices climbing this winter.