USDA Supply/Demand: U.S. Wheat And Wheat By Class - Oct 11

Date : 12/10/2018 @ 03:34
Source : Dow Jones News

USDA Supply/Demand: U.S. Wheat And Wheat By Class - Oct 11

                                  U.S. Wheat Supply and Use 1/ 
============================================================================== 
Item                            2017/2018                   2018/2019 
                            prev         Oct 10         prev         Oct 10 
============================================================================== 
Area                                     Million acres 
Planted                     46.0           46.0         47.8           47.8 
Harvested                   37.6           37.5         39.6           39.6 
                                            Bushels 
Yield per harv. acre        46.3           46.3         47.4           47.6 
                                         Million Bushels 
Beginning stocks           1,181          1,181        1,100          1,099 
Production                 1,741          1,740        1,877          1,884 
Imports                      157            157          135            140 
Supply, total              3,079          3,078        3,112          3,123 
Food                         964            964          970            970 
Seed                          64             63           62             62 
Feed and residual             48             50          120            110 
Domestic, total            1,077          1,078        1,152          1,142 
Exports                      901            901        1,025          1,025 
Use, total                 1,978          1,979        2,177          2,167 
Ending stocks              1,100          1,099          935            956 
avg farm prc ($/bu) 2/      4.72           4.72  4.70 - 5.50    4.80 - 5.40 
============================================================================== 
                                  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      384      292      258       55   1,740 
Supply, Total 3/             1,346      707      511      371      142   3,078 
Domestic Use                   394      288      216       90       90   1,078 
Exports                        371      228       91      193       18     901 
Use, Total                     765      516      306      284      107   1,979 
Ending Stocks, Total           581      191      205       87       35   1,099 
                                   2018/2019 (projected) 
Beginning Stocks               581      191      205       87       35   1,099 
Production                     662      587      286      272       77   1,884 
Supply, Total 3/             1,248      848      499      366      162   3,123 
Domestic Use                   459      292      209       94       88   1,142 
Exports                        365      295      120      215       30   1,025 
Use, Total                     824      587      329      309      118   2,167 
Ending Stocks, Total Oct       424      261      170       57       44     956 
Ending Stocks, Total Sep       409      252      173       65       36     935 
============================================================================== 
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. 
 
 
Write to Rose Ridinger at csstat@dowjones.com 
 

(END) Dow Jones Newswires

October 11, 2018 12:19 ET (16:19 GMT)

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