WASHINGTON, D.C., U.S. — In its March 9 World Agricultural Supply and Demand Estimates report, the U.S. Department of Agriculture forecast Brazil’s soybean crop in the current year at a record 108 million tonnes, up 4% from its prior forecast and above the latest official forecast from Brazil of 107.6 million tonnes. The crop in Brazil is more than 50% harvested. At the same time, the USDA raised its forecast of U.S. soybean carryover on Sept. 1, 2017, by 15 million bushels from February to 435 million bushels, based on an expected 10-million-bushel increase in domestic crush, at 1.940 billion bushels, and a 25-million-bushel decrease in exports, at 2.025 billion bus. Crush was raised based on increased soybean meal disappearance while exports were lowered on increased production and exports for Brazil, the USDA said.
In 2022-23, the International Grains Council’s July report anticipates worldwide wheat production to reach 770 million tonnes, down from 781 million tonnes in 2021-22, with 195 million tonnes available for trade.
Most wheat production comes from a handful of countries and even fewer are major exporters, according to the Food and Agriculture Organization (FAO) of the United Nations. Here’s a look at the top 10 wheat-producing countries worldwide, based on total yield in tonnes from 2000-2020 with 2022-23 production and consumption projections.
CHICAGO, ILLINOIS, US — Representatives of the grain and milling industries recently gathered July 10-13 at McCormick Place in Chicago, Illinois, US, for IFT FIRST, the Institute of Food Technologists annual event and expo.