A decrease in the forecast for wheat sowing areas in the US supported stock quotes

The USDA report indicates a decrease in wheat sowing areas in the USA for 2025, leading to a increase in wheat quotations on global exchanges. The sowing areas of all types of wheat are expected to decrease by 2% from 46.1 to 45.4 million acres. This comes as a surprise as analysts estimated the figures to be higher. The decrease in wheat exports and the increase in quarterly US stocks have also contributed to the pressure on quotes. However, improved crop conditions and forecasts of precipitation in wheat-growing regions have limited the growth of quotes. Additionally, the market is awaiting the Trump Administration’s imposition of tariffs on April 2 and the reaction from other countries.

The unexpected data of the NASS USDA report on the sowing areas in the USA led to an increase in wheat quotations on world exchanges by 1-1.9%. According to the Prospective Plantings report published on March 31, in 2025 the sowing areas of all types of wheat in the USA will decrease by 2% compared to 2024 from 46.1 to 45.4 million acres, which will be the second lowest figure since 2019, while analysts estimated them at 47 million acres in February, and at 46.5 million acres in March. At the same time, the sowing areas of winter wheat will decrease by 0.6 million acres to 33.3 million acres, spring wheat - by 0.5 to 10 million acres, durum wheat - to 2 million acres. May wheat futures rose yesterday: The USDA report on quarterly US stocks showed that as of March 1 they were 33.75 million tonnes (against analysts' expectations of 33 million tonnes), which exceeded last year's figure by 14% and increased the pressure on quotes. Wheat exports from the US for the week of March ...