US Hard Red Winter Wheat exports at record low levels
9/18/2023 11:13:04 AM
CATEGORIES:
Agriculture
Business & Industry
AFFECTED AREAS:
Alaska
Alabama
Arkansas
Arizona
California
Colorado
Connecticut
District of Columbia
Delaware
Florida
Georgia
Hawaii
Iowa
Idaho
Illinois
Indiana
Kansas
Kentucky
Louisiana
Massachusetts
Maryland
Maine
Michigan
Minnesota
Missouri
Mississippi
Montana
North Carolina
North Dakota
Nebraska
New Hampshire
New Jersey
New Mexico
Nevada
New York
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia
Vermont
Washington
Wisconsin
West Virginia
Wyoming
Start Date: 10/1/2022
- End Date: 9/30/2023
U.S. Hard Red Winter Wheat exports were forecast to be down 10 million bushels this month to 155 million bushels, the lowest since records began in 1973-1974. Corn and soybeans have gained in U.S. acreage, while HRW have endured a downturn in acres in many areas, leaving exports in this class less competitive on the global market.
Drought has also affected the crop in consecutive years, contributing to lower crop prospects and this class being less competitive with other suppliers like Russia and the European Union.
DRGNews (Pierre, S.D.), Sept 18, 2023
Sources
