Archive for August 13th, 2021

WASHINGTON, US, DC — The US Department of Agriculture on Aug. 12 lowered its forecasts for 2021-22 US and world wheat ending stocks. Wheat futures posted wide gains in response to the new projections that lowered US and world supplies more than markets had anticipated.

The USDA forecast the US carryover of wheat on June 1, 2022, at 627 million bushels, down 38 million bushels from the July projection and down 217 million bushels, or 26%, from 844 million bushels in ...