WASHINGTON, DC, US — The US Department of Agriculture in its Dec. 9 World Agricultural Supply and Demand Estimates report forecast the US carryover of wheat on June 1, 2022, at 598 million bushels, up 15 million bushels from the November projection but down 247 million bushels, or 29%, from 845 million bushels in 2021. Nearby wheat futures closed 13¢ to 17¢ a bushel lower after the report.
The USDA lowered its forecast for the 2021-22 wheat supply by 5 million ...
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