Wheat Outlook: June 2012
- by Gary Vocke and Olga Liefert
- 6/14/2012
Overview
Projected U.S. wheat supplies for 2012/13 are lowered 51 million bushels with reduced carryin and lower forecast winter wheat production. Beginning stocks are lowered 40 million bushels with a 10-million-bushel increase in food use and a 30-million-bushel increase in exports for 2011/12. The increase in 2011/12 food use reflects higher-than-expected flour milling during the January-March quarter as reported by the North American Millers' Association. Exports are increased based on the strong pace of U.S. shipments during the final weeks of the old-crop marketing year.
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Wheat Outlook: June 2012
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Table 1?Wheat: U.S. market year supply and disappearance
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Table 2?Wheat: U.S. market year supply and disappearance by class
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Table 3?Wheat: Quarterly supply and disappearance
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Table 4?Monthly food use estimates for last 12 months
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Table 5?Wheat: National average price received by farmers
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Table 6?Wheat prices by class
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Table 7?Wheat : Average cash grain bids at selected markets
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Table 8?Wheat: U.S. exports and imports for last 6 months
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Table 9?Wheat: U.S. exports, Census and Exports Sales comparison
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All nine tables
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