With summer wheat harvest outcomes uncertain not only in the U.S. but across the globe, export prices could be left at the mercy of global headlines. Early predictions forecast U.S. wheat export volume is expected to experience a dip because of more limited wheat harvest, however, the growing list of global concerns from supply-chain and shipping to environmental could drive up export prices to make up the difference. Global wheat usage rates have consistently continued to rise despite inflation.

Analysts recommend producers that have concerns with export markets consider booking sales sooner rather than later. Domestic demand figures to be a driver in the 2022/23 marketing year, though estimated to take a modest 2.4% annual dip.

Read more on the outlook for U.S. wheat export volume and prices.