Wheat

Post increased the MY2023/23 rice production forecast to 19.9 MMT to reflect greater water availability than previously projected for the MY2023/24 off-season rice crop. The forecasts for MY2023/24 corn production and imports and MY2023/24 wheat...

FAS/Sofia’s marketing year (MY) 2023/24 corn production estimate is lowered to 2.5 million metric tons (MMT) based on the harvest progress to date. The corn crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.

Information in this report was current as of September 27, 2023. Post forecasts China's MY2023/24 grain feed and residual use to increase slightly and corn production also slightly higher due to a larger planted area and improved yields.

Private exporters reported to USDA the following sales activity, all for delivery during the 2023/2024 marketing year: 440,000 MT of soft red winter wheat to China; 267,044 MT of corn to Mexico; 183,000 MT of soybean cake and meal to the Philippines.

Private exporters reported the following sales activity for MY 2023/2024: 110,000 MT of soft red winter wheat for delivery to China and 128,000 MT of corn for delivery to unknown destinations.

Private exporters reported to USDA the following sales activity: 181,000 MT of red winter wheat for delivery to China during the MY 23/24; 117,300 MT of soybeans for delivery to unknown destinations during the MY 23/24; 100,000 MT of soybean cake and meal for delivery to unknown destinations during the MY 23/24.