The original incentive was to reverse a decline in
U.S. wheat exports.
Not exact matches
In fact, a preference for white
wheat products in Asia has contributed to a decline in the
export of
U.S. red
wheat to this rapidly growing region of the world.5 Since farmers can switch fairly readily to white
wheat, the forces of supply and demand should ensure that there is enough white
wheat to make popular whole grain products.
WASHINGTON — The
U.S. Department of Agriculture in its April 10 World Agricultural Supply and Demand Estimates report projected
U.S. 2018 carryover of
wheat and corn higher but soybean carryover lower from March forecasts, while 2017 - 18
export projections for all three commodities were left unchanged from a month earlier.
Current annual production of some crops (like
wheat, corn, and soybean) are greater than annual domestic consumption in the
U.S., allowing for
export.
Harvest shortfalls in both
U.S. corn, which is by far the world's largest crop, and
wheat from the Black Sea region, which in a good year looms large among world
exports, mean trouble.