Reporting by Gus Trompiz; Editing by Kirsten Donovan Adverse global weather has resulted in a shortage in the world's wheat supply, which may force many countries to import more from the US. The US Department of Agriculture (USDA) said on Friday that it had received reports of "unusual and unanticipated high prices for U.S. wheat". Potential demand for US wheat exports was forecast at 38 million metric tonnes (mt) in 2018-2019, but no longer seems likely given the slow export pace, according to the president of AgResource.
Adverse global weather has resulted in a shortage in the world's wheat supply, which may force many countries to import more from the US. The US Department of Agriculture (USDA) said on Friday that it had received reports of "unusual and unanticipated high prices for U.S. wheat". Potential demand for US wheat exports was forecast at 38 million metric tonnes (mt) in 2018-2019, but no longer seems likely given the slow export pace, according to the president of AgResource.