The USDA is out with the latest import and export numbers when it comes to wheat supply and demand.

"With wheat this time of year, we're really, mostly attracting trade data, export/import data as it continues to come in," noted USDA World Agricultural Outlook Board Chair, Mark Jekanowski.

So, what does this mean for import and export changes regarding the U.S. supply and demand estimate?

"We pulled back a our wheat import forecast by five million bushels.  That reflects reduced imports of hard red spring from Canada where supplies are also very tight and prices are high.  We also reduced the exports by 20 million bushels; reflecting slow export pace."

Again, due to tighter supplies and higher prices for hard red, winter and spring wheat.  Despite the month over month increase in ending stocks.  That category remains significantly lower year over year.  Contributing to the latest outlook for season ending average price for wheat, "...raised it by 15 cents per bushel, to $7.05 a bushel."

That is the highest wheat prices since 2012.

If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia.com

More From PNW Ag Network