Domestic prices: Prices of Hard Red Spring (HRS) and white wheat climbed in December on concerns over tightening global supplies of higher quality milling wheat.  HRS surged $27/ton to $467/ton and Soft White Wheat (SWW) jumped $16/ton to $316/ton, while Hard Red Winter (HRW) rose $7/ton to $331/ton.   On the other hand, Soft Red Winter (SRW) was down $7/ton to $316/ton. 

·         Argentina is lowered 1.0 million tons to 7.0 million on the slow export pace and limited availability of export licenses despite a higher crop.   

·         Australia is reduced 500,000 tons to 14.0 million on a lower crop, crop quality concerns, and the rain-delayed harvest.

·         Brazil is raised 500,000 tons to 1.1 million on a larger crop and recent government auctions of wheat via the Subsidy Auction Program (PEP).

·         Kazakhstan is down 1.0 million tons to 5.0 million on lower production.

·         Pakistan is up 500,000 tons to 800,000 due to the government announcement allowing wheat exports and the subsequent reported sales.

·         United States is raised 2.0 million tons to 36.0 million, the highest in 18 years, on the strong pace of sales and expected late-season surge in shipments.

·         EU-27 is lowered 500,000 tons to 4.5 million due to the slow pace of imports and import licenses. 

·         Thailand and Vietnam are both raised 200,000 tons to 1.3 million and 1.7 million, respectively, on the expected imports of feed-quality wheat from Australia.

·         South Korea is up 400,000 tons to 4.0 million on the expected replacement of corn with feed-quality wheat.