USDA Supply/Demand: U.S. Wheat And Wheat By Class - Feb 8

02/08/18 12:15 PM EST
                            U.S. Wheat Supply and Use 
==================================================================== 
Item                        2016/17                  2017/18 
                         prev     Feb 8         prev        Feb 8 
==================================================================== 
Area                                Million acres 
Planted                  50.1      50.1          46.0          46.0 
Harvested                43.9      43.9          37.6          37.6 
                                            Bushels 
Yield per harv. acre     52.7      52.7          46.3          46.3 
                                    Million Bushels 
Beginning stocks          976       976         1,181         1,181 
Production              2,309     2,309         1,741         1,741 
Imports                   118       118           155           155 
Supply, total           3,402     3,402         3,076         3,076 
Food                      949       949           950           955 
Seed                       61        61            62            62 
Feed and residual         156       156           100           100 
Domestic, total         1,167     1,167         1,112         1,117 
Exports                 1,055     1,055           975           950 
Use, total              2,222     2,222         2,087         2,067 
Ending stocks           1,181     1,181           989         1,009 
avg farm prc ($/bu)      3.89      3.89   4.50 - 4.70   4.55 - 4.65 
============================================================================ 
                       U.S. Wheat by Class: Supply and Use 
  Year beginning           Hard     Hard     Soft 
      June 1             Winter   Spring      Red    White    Durum   Total 
============================================================================ 
                                   2017/18 (projected) 
Beginning Stocks            589      235      215      105       36    1,181 
Production                  750      385      292      258       55    1,741 
Supply, Total             1,346      695      527      370      138    3,076 
Domestic Use                457      274      209       94       83    1,117 
Exports                     395      245       90      200       20      950 
Use, Total                  852      519      299      294      103    2,067 
Ending Stocks, Total Feb    494      176      228       76       35    1,009 
                     Jan    484      178      231       61       35      989 
                                   2016/17 (estimated) 
Beginning Stocks            446      272      157       74       28      976 
Production                1,082      491      345      286      104    2,309 
Supply, Total             1,533      805      535      368      162    3,402 
Domestic Use                489      249      228       99      101    1,167 
Exports                     455      321       92      163       24    1,055 
Use, Total                  943      570      320      263      126    2,222 
Ending Stocks, Total        589      235      215      105       36    1,181 
============================================================================ 
 
 
 

(END) Dow Jones Newswires

February 08, 2018 12:15 ET (17:15 GMT)

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