Urner Barry Releases September Soy & Wheat Report
In the latest WASDE report, the USDA stated the outlook for 2022/23 wheat for September is increased supplies, domestic use, exports, and reduced stocks. The outlook is relatively unchanged from August. The season-average farm price is currently estimated at $9.00/bu, a $0.25 decrease from last month. Despite the decline, the current value remains a record season-average farm price.
Globally, the 2022/23 wheat outlook calls for higher supplies, consumption, exports, and ending stocks this month. Supplies were increased by 3.6 million tons to...
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