Montana exports account for 15 percent of total U.S. Wheat exports, with 42 percent of their total wheat product being shipped to Japan.
Competition among exporters is increasing, most notably from Russia, for which exports are increased to a record-setting 35.0 million tonnes in January 2018. Strengthening global competition has put downward pressure on the U.S. production of planted areas.
Global and U.S. wheat stockpiles are at historically high levels, causing global wheat prices to continue to drop.
Wheat ranks third among U.S. Field Crops in planted Acreage, production, and gross farm receipts, behind corn and soybeans.
In industrialized countries, consumers threw away an average of 286 million tons of wheat based cereal products a year since 2015.