USDA Supply/Demand: U.S. Wheat And Wheat By Class - Aug 10

Date : 11/08/2018 @ 02:47
Source : Dow Jones News

USDA Supply/Demand: U.S. Wheat And Wheat By Class - Aug 10

                                  U.S. Wheat Supply and Use 
============================================================================== 
Item                            2017/2018                   2018/2019 
                            prev         Aug 10         prev         Aug 10 
============================================================================== 
Area                                     Million acres 
Planted                     46.0           46.0         47.8           47.8 
Harvested                   37.6           37.6         39.6           39.6 
                                            Bushels 
Yield per harv. acre        46.3           46.3         47.5           47.4 
                                         Million Bushels 
Beginning stocks           1,181          1,181        1,100          1,100 
Production                 1,741          1,741        1,881          1,877 
Imports                      157            157          135            135 
Supply, total              3,079          3,079        3,117          3,112 
Food                         963            964          965            970 
Seed                          64             64           62             62 
Feed and residual             50             48          130            120 
Domestic, total            1,077          1,077        1,157          1,152 
Exports                      901            901          975          1,025 
Use, total                 1,978          1,978        2,132          2,177 
Ending stocks              1,100          1,100          985            935 
avg farm prc ($/bu)         4.73           4.73  4.50 - 5.50    4.60 - 5.60 
============================================================================== 
                                  U.S. Wheat by Class: Supply and Use 
  Year beginning              Hard     Hard     Soft 
      June 1                Winter   Spring      Red    White    Durum   Total 
============================================================================== 
                                   2017/2018 (estimated) 
Beginning Stocks               589      235      215      105       36   1,181 
Production                     750      385      292      258       55   1,741 
Supply, Total                1,346      708      511      371      143   3,079 
Domestic Use                   394      288      216       90       89   1,077 
Exports                        371      228       90      194       18     901 
Use, Total                     765      517      306      284      107   1,978 
Ending Stocks, Total           581      191      205       87       36   1,100 
                                   2018/2019 (projected) 
Beginning Stocks               581      191      205       87       36   1,100 
Production                     661      583      292      267       73   1,877 
Supply, Total                1,253      839      507      364      149   3,112 
Domestic Use                   464      292      214       94       88   1,152 
Exports                        395      285      115      200       30   1,025 
Use, Total                     859      577      329      294      118   2,177 
Ending Stocks, Total Aug       394      262      178       70       31     935 
Ending Stocks, Total Jul       417      283      169       75       41     985 
============================================================================== 
 
 
Note:  Totals may not add due to rounding.  1/ Marketing year beginning June 
1.  2/ Marketing-year weighted average price received by farmers.  3/ 
Includes imports. 
 
 

(END) Dow Jones Newswires

August 10, 2018 12:32 ET (16:32 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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