Wheat Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2023/24
September
2023/24
October
2023/24
Change
2024/25
September
2024/25
October
2024/25
Change
Million Acres
Area Planted 49.6 49.6 0 46.3 46.1 -.2
Area Harvested 37.3 37.1 -.2 37.9 38.5 .6
Bushels
Yield per Harvested Acre 48.6 48.7 .1 52.2 51.2 -1.0
Million Bushels
Beginning Stocks 570 570 0 702 696 -6
Production 1,812 1,804 -8 1,982 1,971 -11
Imports 138 138 0 105 115 10
Total Supply 2,520 2,512 -8 2,789 2,783 -6
Food 961 961 0 964 964 0
Seed 64 62 -2 62 62 0
Feed and Residual 86 85 -1 110 120 10
Total Domestic Use 1,111 1,108 -3 1,136 1,146 10
Exports 707 707 0 825 825 0
Total Use 1,818 1,815 -3 1,961 1,971 10
Ending Stocks 702 696 -6 828 812 -16
Other
Average Farm Price($/bushel) 6.96 6.96 0 5.7 5.7 0
Stocks to Use (%) 38.614 38.347 -.267 42.223 41.197 -1.026


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