Wheat Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2022/23
October
2022/23
November
2022/23
Change
2023/24
October
2023/24
November
2023/24
Change
Million Acres
Area Planted 45.7 45.7 0 49.6 49.6 0
Area Harvested 35.5 35.5 0 37.3 37.3 0
Bushels
Yield per Harvested Acre 46.5 46.5 0 48.6 48.6 0
Million Bushels
Beginning Stocks 698 698 0 582 582 0
Production 1,650 1,650 0 1,812 1,812 0
Imports 122 122 0 135 145 10
Total Supply 2,470 2,470 0 2,529 2,539 10
Food 973 973 0 974 970 -4
Seed 68 68 0 65 65 0
Feed and Residual 89 89 0 120 120 0
Total Domestic Use 1,130 1,130 0 1,159 1,155 -4
Exports 759 759 0 700 700 0
Total Use 1,888 1,888 0 1,859 1,855 -4
Ending Stocks 582 582 0 670 684 14
Other
Average Farm Price($/bushel) 8.83 8.83 0 7.3 7.2 -.1
Stocks to Use (%) 30.826 30.826 0 36.041 36.873 .832


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