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Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
FG 05-05
May 2005
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Whereas the global supply and import demand picture for both wheat and corn is largely unchanged from last year, the export competition picture differs sharply for these two grains. For wheat, competition is expected to be strong as exporter stocks are beginning at high levels and most Northern Hemisphere new crops are in good condition. Ample supplies in the EU and Black Sea region will be available to buyers in Mediterranean markets. A return to more normal crop quality in Canada is also expected to increase competition for spring wheat. Consequently, U.S. wheat exports are forecast to fall 2.5 million tons. U.S. corn exports, in contrast, will benefit from weaker competition. Record yields in Argentina are unlikely to be repeated, which will reduce production and exportable supplies. China’s exports are forecast to be smaller as domestic consumption continues to outpace production. In addition, Ukraine’s exports will drop as a result of a smaller crop. |
CIRCULAR MODIFICATIONS: The
following changes are incorporated into this May 2005 Circular:
Complete Grain
Report in PDF: Text and Tables
All Grain Summary Tables: Foreign
Countries and US Data
World Markets and Trade: Commentary
and Current Data
Wheat Commentary [Text] [Adobe Acrobat Format] Wheat Data Tables [Excel Spreadsheet Format] [Adobe Acrobat Format] Rice Commentary [Text] [Adobe Acrobat Format] Rice Data Tables [Excel Spreadsheet Format] [Adobe Acrobat Format] Coarse Grains Commentary [Text] [Adobe Acrobat Format] Coarse Grains Data Tables Excel Spreadsheet Format] [Adobe Acrobat Format]
Contact List
Data in this report is available in both Adobe Acrobat and Excel spreadsheet formats. You may need to Get the Adobe Acrobat Reader.
Last modified: Thursday, November 13, 2003
