Wheat Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2023/24
June
2023/24
July
2023/24
Change
2024/25
June
2024/25
July
2024/25
Change
Million Acres
Area Planted 49.6 49.6 0 47.5 47.2 -.3
Area Harvested 37.3 37.3 0 38 38.8 .8
Bushels
Yield per Harvested Acre 48.6 48.6 0 49.4 51.8 2.4
Million Bushels
Beginning Stocks 570 570 0 688 702 14
Production 1,812 1,812 0 1,875 2,008 133
Imports 140 138 -2 120 105 -15
Total Supply 2,522 2,520 -2 2,682 2,815 133
Food 960 960 0 962 962 0
Seed 64 64 0 62 62 0
Feed and Residual 90 87 -3 100 110 10
Total Domestic Use 1,114 1,111 -3 1,124 1,134 10
Exports 720 707 -13 800 825 25
Total Use 1,834 1,818 -16 1,924 1,959 35
Ending Stocks 688 702 14 758 856 98
Other
Average Farm Price($/bushel) 7 6.96 -.04 6.5 5.7 -.8
Stocks to Use (%) 37.514 38.614 1.100 39.397 43.696 4.299


Back Arrow