USDA cuts MY 2024-25 global wheat export forecast to 214.67 mil mt

The US Department of Agriculture has reduced its global wheat export forecast by 1.2 million mt to 214.67 million mt for the marketing year 2024-2025 (June-May), according to its World Agricultural Supply and Demand Estimates report released Nov. 8. Exports are seen 3% lower year over year, the USDA said, based on expectations of reduced shipments from Turkey and Kazakhstan,…The US Department of Agriculture has reduced its global wheat export forecast by 1.2 million mt to 214.67 million mt for the marketing year 2024-2025 (June-May), according to its World Agricultural Supply and Demand Estimates report released Nov. 8. Exports are seen 3% lower year over year, the USDA said, based on expectations of reduced shipments from Turkey and Kazakhstan,…Read More