Wheat has been the topic of conversation for the past few weeks. We have pointed out that U.S. and world supplies continue to decline as production levels slip smaller across the Southern Hemisphere and world demand stays at least steady. This decline in supplies has been especially evident among the world's major exporting countries. It used to be the Big 5 exports of the U.S., Canada, Australia, Argentina and the United States. We must now add Russia, Ukraine and Kazakhstan, as we showed in a table of world wheat production, consumption and supplies among the major exporters last week. It all points toward increased U.S. wheat exports during the last half of the marketing year. This is contrary to most marketing years when U.S. wheat mu...

TAGS – Wheat, Australia, North America