Title page
Contents
Domestic Outlook 2
International Outlook 7
Feature Article: U.S. Census of Agriculture - Highlighting Changing Trends in Wheat Farming 11
Table 1. U.S. wheat supply and use at a glance 2022/23 and 2023/24 (in million bushels) 3
Table 2. USDA Agricultural Outlook Forum wheat forecasts, February 2024 6
Figure 1. U.S. wheat exports by class, 2015/16-2023/24 1
Figure 2. Cumulative exports sales through February 29 and full marketing year exports, 2015/16-2023/24 4
Figure 3. Price spread between U.S. Hard Red Winter and key competitors, 2020-24 5
Figure 4. Month-to-month change in 2023/24 global wheat production, March 2024 8
Figure 5. Month-to-month change in 2023/24 wheat trade, March 2024 9
Figure 6. Global ending stocks, 2017/18-2023/24 10
Figure 7. U.S. wheat farms by wheat class, 2002-2022 12
Figure 8. Number of Continental U.S. wheat farms and percentage change from 2017 Census by State, 2022 Census of Agriculture 13
Figure 9. Average wheat area per Continental U.S farm that grows wheat for grain by State, 2022 14
Figure 10. Number of U.S wheat farms by area harvested, 2007-2022 15