Lower prices lead to shift from feed wheat, rice

USDA also raises consumption, ending stocks for the 2023-24 marketing year

Production is forecast at all-time high in 2023-24

Provisional 2023 estimate projects 12.81 million tonnes on lower area, yield

Grain feed and residual use also expected to increase slightly

Group says climate change a concern for all wheat producers

More positive yield results expected in Russia, Ukraine

FAS forecasts growing soybean imports as economy continues recovery

Discusses possibility of new markets in South America

Advocacy remains front and center among group’s objectives