December USDA: world wheat production 2021/22 projected 2.6 mln t up
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.
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) |
China's wheat 2021/22 projection in the December USDA report:
- production: 136.95 mln t, 0.05 mln t ▲
- import: 9.5 mln t, 0.5 mln t ▼
- ending stocks: 141.17 mln t, 0.15▲
- exports: 1 mln t
Wheat prices in Ukraine reduced ahead of the USDA December report release.