Hard Red Winter Wheat

U.S. wheat imports are forecasted to be their highest in six years for the 2023/24 marketing year, according to USDA's Economic Research Service.

The USDA says America’s all-wheat exports are projected to be 700 million bushels, the lowest since 1971-72. U.S. Trade Representative Katherine Tai announced the U.S. is establishing a dispute settlement panel under the U.S.-Mexico-Canada Agreement.

The National Ag Statistics Service recently estimated the total U.S. 2023-24 wheat planted area will be 49.9 million acres, up 9% and the highest since 2016-17.