Wheat Outlook: June 2012

by Gary Vocke and Olga Liefert

Projected U.S. wheat supplies for 2012/13 are lowered 51 million bushels with reduced carryin and lower forecast winter wheat production. Beginning stocks are lowered 40 million bushels with a 10-million-bushel increase in food use and a 30-million-bushel increase in exports for 2011/12. The increase in 2011/12 food use reflects higher-than-expected flour milling during the January-March quarter as reported by the North American Millers' Association. Exports are increased based on the strong pace of U.S. shipments during the final weeks of the old-crop marketing year.

Keywords: Production, Import, Export, Stocks, Wheat classes, Supply and Use, Harvested Area

In this publication...

• Wheat Outlook: June 2012
• Table 1?Wheat: U.S. market year supply and disappearance
• Table 2?Wheat: U.S. market year supply and disappearance by class
• Table 3?Wheat: Quarterly supply and disappearance
• Table 4?Monthly food use estimates for last 12 months
• Table 5?Wheat: National average price received by farmers
• Table 6?Wheat prices by class
• Table 7?Wheat : Average cash grain bids at selected markets
• Table 8?Wheat: U.S. exports and imports for last 6 months
• Table 9?Wheat: U.S. exports, Census and Exports Sales comparison
• All nine tables

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