Average price to wheat growers has been reduced in United States
Wheat
United States
Published Aug 16, 2022
Tridge summary
The price of wheat, for the first month, in Chicago, worked the week below US$ 8.00/bushel, rising a little on Thursday (11) when the first month quoted closed at US$ 8.10/bushel , up from $7.82 a week earlier.
Original content
The price of wheat, for the first month, in Chicago, worked the week below US$ 8.00/bushel, rising a little on Thursday (11) when the first month quoted closed at US$ 8.10/bushel , up from $7.82 a week earlier. The USDA supply and demand report for the year 2022/23 indicated, on 08/12, the following numbers for wheat: 1) The production projection for the US was slightly increased to 48.52 million tons; 2) Ending stocks in the US reached 16.6 million tons, with a decline of almost 700,000 tons; 3) World production increased by eight million tons, with the total now being estimated at 779.6 million tons; 4) World ending stocks reach 267.3 million tons, with a slight decrease compared to the July report; 5) The average price to US wheat producers was reduced, for 2022/23, to US$9.25/bushel, against US$10.50 in July; 6) Brazilian wheat production is projected at 8.7 million tons, with imports at 6.4 million; 7) Argentina will produce 19 million tons, while its exports would total 13 ...
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