How great have world wheat crops been? Russia, Ukraine, China, India and Canada have all had record yields in at least two of the last three years. However, the outlook for the world's 2015 crop may be different.This is wheat week, as is evident by Monday's analysis and today's. Wheat has become my focus this week for two reasons:
The world wheat outlook is changing (at least in my opinion). I am speaking at the International Association of Operative Millers (IAOM) meeting in Cape Town tomorrow.
As I wrote on Monday, the world has produced consecutive record wheat crops that are both well in excess of 700 MMT. The previous record was approximately 660 MMT. High wheat prices have brought more wheat acres around the world, and producer...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
