December USDA: world wheat production 2021/22 projected 2.6 mln t up

9 December 2021, 19:30

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Mature wheat in a field in Ukraine
Photo by: Latifundist.com

The United States Department of Agriculture (USDA) in its December report projects the world wheat production in 2021/22 to reach 777.89 mln t, 2.61 mln t above the November report figure (775.28).

Experts project the world wheat export at 205.47 mln t, 2.31 mln t higher from the November projection. The global ending stocks are also revised upward by 2.28 mln t, from 275.8 mln t to 278.18.

World #wheat stocks come in bigger than expected as #Russia's crop +1 mmt (no change in exports) and #Australia's crop +2.5 mmt. #Corn stocks also up on various small tweaks. #Soybeans below expectations for a change with #China's crop down 2.6 mmt. pic.twitter.com/URipr986rf
— Karen Braun (@kannbwx) December 9, 2021

The US wheat production in 2021/22 is expected at 44.79 mln t, flat from the November report. Wheat export projection is cut by 0.55 mln t to 22.86 mln t. Wheat ending stocks in the US are estimated at 16.28 mln t, 0.41 mln t up from the November report data.

The USDA projection for wheat production in Ukraine in 2021/22 remains unaltered, at 33 mln t. USDA analysts improve their estimate of wheat export from the country, to 24.2 mln t, 0.2 mln t above the previous report. Wheat ending stocks in Ukraine are estimated at 1.41 mln t.

Learn more: TOP 14 Wheat Exporters From Ukraine in 10M 2021

Wheat production in the largest exporting countries is projected at 322.85 mln t, 4.45 mln up mth/mth.

The projection for the major wheat exporters in 2021/22 (December vs. November report indicators, mln t):

Country	Production	Exports	Ending stocks
EU	138.7 (+0.3)	37 (+0.5)	9.93 (+0.19)
Russia	75.5 (+1)	36	10.23 (+0.25)
Ukraine	33	24.2 (+0.2)	1.41
Australia	34 (+2.5)	25.5 (+2)	4.53 (+0.95)
Canada	21.65 (+0.65)	15	5.14 (+0.65)
Argentina	20	13.5	2.34 (–0.2)