Slight increase in world wheat production forecast, decline in feed grains

Published 2024년 11월 9일

Tridge summary

The article provides an overview of the global wheat and feed grain markets for the 2024/25 season. It forecasts a rise in global wheat supplies to 1,061.0 million tons, driven by increased production in Kazakhstan, which reaches the third-highest level in its history. However, global wheat trade is expected to decrease due to reduced exports to Turkey and Kazakhstan. The global ending stocks forecast for wheat has been slightly reduced. In the feed grain market, global production is predicted to be slightly lower at 1.500 billion tonnes, with variations in corn and barley production across different countries. Trade patterns and stock levels for corn and barley are also expected to change, with adjustments in major producing and exporting countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat Market Supplies are forecast to rise 0.7 million tons to 1,061.0 million, with production at 794.7 million. Higher production in Kazakhstan more than offsets reductions in Argentina, Brazil, Russia and the EU. Production in Kazakhstan is up 2.0 million tons to 18.0 million. This is the third-highest wheat production in Kazakhstan’s history. Global consumption is up 0.9 million tons to 803.4 million, mainly due to higher feed and residue use for Kazakhstan amid higher production. World trade is down 1.2 million tons at 214.7 million due to reduced exports to Turkey and Kazakhstan. The forecast for global ending stocks for 2024/25 is lowered by 0.1 million tonnes to 257.6 million, as declines in Argentina, China and Brazil are not fully offset by increases in Kazakhstan and Turkey. Feed Grain Market Global feed grain production for 2024/25 is forecast slightly lower at 1.500 billion tonnes. The forecast for foreign coarse feed grain for 2024/25 this month is for lower ...

Source: Farmer.pl