WASDE: U.S. Wheat Supplies Lowered 6 Million Bushels

January 12, 2016 11:07 AM
WASDE: U.S. Wheat Supplies Lowered 6 Million Bushels

WHEAT:  Feed and residual use for 2015/16 is lowered 30 million bushels reflecting disappearance for June-November as indicated by the December 1 stocks released in the Grain Stocks report.  Seed use is lowered 6 million bushels on the winter wheat planted area reported today in the Winter Wheat Seedings report.  U.S. supplies for 2015/16 are lowered 6 million bushels on reduced imports and slightly lower beginning stocks.  Projected 2015/16 ending stocks are raised 30 million bushels.  The 2015/16 season average farm price range is narrowed 10 cents on both the high and low ends to $4.90 to $5.10 per bushel. 

Global wheat supplies for 2015/16 are raised 1.2 million tons on both increased beginning stocks and production.  World wheat production remains record high and is raised 0.5 million tons led by 0.5-million-ton increases for both Russia and Pakistan and a 0.3-million-ton increase for the EU.  Partly offsetting is a 0.7-million-ton reduction for Uruguay and a 0.4-million-ton reduction for Brazil; both reductions are on updated government statistics and reflect crop damage from excessive rain.  World wheat trade for 2015/16 is down fractionally with several, mostly offsetting, changes.  Global use is reduced, mostly in the United States.  With supplies increasing and use reduced, ending stocks are raised 2.2 million tons to a record 232.0 million tons.  This total is 9 percent larger than the previous stocks record set last year. 


Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by QTInfo.com
Brought to you by Beyer