The new USDA Wheat report this month includes minor changes. For wheat in the European Union, it's notable that more grain is being sold as feed and that the export figure is down slightly.
In the new edition of the monthly Wasde report, EU wheat production for the 2025/2026 season remains at 144 million tons. Of this, 51 million tons are expected to end up in animal feed. This amount has increased by 1 million tons compared to the previous month.
EU wheat exports are slower than previously anticipated. Therefore, the wheat export forecast for this month has been lowered by 1 million tons to 30,5 million tons. This still means exports are higher than last season, when just under 28 million tons were exported from the EU. Compared to 2023/24, exports are significantly lower, however, when 38 million tons of wheat went to third countries.
On the production side, there are only three adjustments to wheat production worldwide this month. While the Australian statistics agency, Abares, slightly raised its wheat harvest forecast in Australia last week to 36 million tons, the USDA, after a 1 million-ton reduction, arrives at the same result.
The USDA has higher harvest expectations for Ukraine and Kazakhstan this month. The wheat yield forecast for Ukraine will increase by 1 million tons to 24 million tons. In Kazakhstan, the production forecast will rise by 430.000 tons to 19,33 million tons.
Global wheat production this season has reached 842 million tons, slightly higher than last month. This represents a substantial increase compared to last season, when the harvest totaled around 800 million tons.