US Wheat Ending Stocks Down; Global Stocks Up

Jan 12, 2023

Projected 2022-23 US wheat ending stocks continued to tick lower but global stocks were raised in a monthly USDA supply-demand update Thursday.

US wheat ending stocks are now estimated at 567 million bu, down only slightly from the government’s December forecast of 571 million but further below the 2021-22 and 2020-21 ending stocks levels of 845 million and 698 million, respectively. Meanwhile, world wheat ending stocks were raised 1.1 million tonnes this month to 268.4 million, although that remains below the previous year’s 276.82 million.

The tightening in US stocks was a mild surprise, with most traders and analysts expecting an upward revision to around 580 million bu. Wheat futures were trading between 2 and 15 cents higher this afternoon.

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Border View Farms is a mid-sized family farm that sits on the Ohio-Michigan border. My name is Nathan. I make and edit all of the videos posted here. I farm with my dad, Mark and uncle, Phil. Our part-time employee, Brock, also helps with the filming. 1980 was our first year in Waldron where our main farm is now. Since then we have grown the operation from just a couple hundred acres to over 3,000. Watch my 500th video for a history of our farm I filmed with my dad.

I started making these videos in the fall of 2019 as a way to help show what I do on a daily basis as a farmer. Agriculture is different from any other industry and I believe the more people that are showing their small piece of agriculture, helps to build our story. We face unique challenges and stressful situations but have some of the most rewarding payoffs in the end. I get to spend everyday doing what I love, raising my kids on the farm, and trying to push our farm to be better every year. I hope that I can address questions or concerns that you might have about farms and agriculture.