WHEAT 2022 production forecast raised m/m, largely on better prospects in Australia, the EU, and especially the Russian Federation, and now pointing to a new record high.

Kazakhstan has formally suspended its wheat and wheat flour export quotas as of Sept. 13, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture. Since the restrictions went into effect on April 14, Kazakhstani exporters utilized 83% of the wheat and 66% of the wheat flour export quotas, which were meant to balance exports with domestic food security needs. On June 15, Kazakhstan announced the extension of wheat and wheat flour export quotas until Sept. 30 and increased the exportable amounts to 1.55 million tonnes of wheat and 670,000 tonnes of wheat flour.