Wheat Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2023/24
March
2023/24
April
2023/24
Change
2024/25
March
2024/25
April
2024/25
Change
Million Acres
Area Planted 49.6 49.6 0 46.1 46.1 0
Area Harvested 37.1 37.1 0 38.5 38.5 0
Bushels
Yield per Harvested Acre 48.7 48.7 0 51.2 51.2 0
Million Bushels
Beginning Stocks 570 570 0 696 696 0
Production 1,804 1,804 0 1,971 1,971 0
Imports 138 138 0 140 150 10
Total Supply 2,512 2,512 0 2,808 2,818 10
Food 961 961 0 970 970 0
Seed 62 62 0 64 62 -2
Feed and Residual 85 85 0 120 120 0
Total Domestic Use 1,108 1,108 0 1,154 1,152 -2
Exports 707 707 0 835 820 -15
Total Use 1,815 1,815 0 1,989 1,972 -17
Ending Stocks 696 696 0 819 846 27
Other
Average Farm Price($/bushel) 6.96 6.96 0 5.5 5.5 0
Stocks to Use (%) 38.347 38.347 0 41.176 42.901 1.725


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