In December 2020, the Russian government announced trade-restrictive measures for certain grains and oil seed products in response to high domestic prices. This comes despite record wheat production and near-record production for total grains.
Seven months into marketing year 2020/21, USDA currently forecasts total U.S. wheat exports will reach 26.8 million metric tons (MMT), which, if realized, would be 2% more than 2019/20 and 7% more than the 5-year average. As of Dec. 24, U.S. wheat commercial sales are 9% ahead of last year’s pace at 20.6 MMT, led by hard red winter (HRW), hard red spring (HRS) and white wheat (soft and hard).
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- Government fulfilled every promise made to people
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- Purchasing 8.2 million tons of wheat in the crop year 2019-2020
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