USDA Wheat Outlook 2018.11.13

USDAJennifer K. Bond,Olga Liefert

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　　Global Wheat Production Up on Larger China Crop, Offsetting Reductions to Australia, Morocco, Pakistan, and Ukraine 　　Global wheat production for 2018/19 is raised 2.6 million tons, largely on a sizable increase in projected China production (figure 1). Newly released data from China’s National Bureau of Statistics indicates higher harvested area, yields, and production for the current marketing year, as well as significant production revisions going back to 2007/08 through 2017/18 crops. For 2018/19, gains in projected wheat production in China are partially offset by reductions in Australia, down 1 million tons to 17.5 million, and smaller reductions in Morocco, Pakistan, and Ukraine. Primarily onhigher global carryin and production, global ending stocks are raised by 6.5 million tons, with all of the gain attributed to increased stocks for China. Stocks outside of China are lowered 0.9 million tons from October.