# World wheat market factors to watch in the new US marketing year | TheFencePost.com

> USDA's May projections for 2021/22 show world wheat production at a record 789 million tonnes, matched by record consumption, with world stocks steady at 295 million tonnes. Dry conditions in the Pacific Northwest and Northern Plains are flagged as a risk to soft white, hard red spring and durum crops.

- Date: 2021-06-02 · published 2021-06-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46622-world-wheat-market-factors-to-watch-in-the-new-us-marketing-year-thefencepost
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Stable world balance sheets limit upside, but dryness in northern wheat areas could tighten supplies of higher-protein milling wheat and support those classes.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- thefencepost.com: https://www.thefencepost.com/news/world-wheat-market-factors-to-watch-in-the-new-us-marketing-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.