Wheat Outlook: July 2012

by Gary Vocke and Olga Liefert

Projected U.S. wheat supplies for 2012/13 are raised 5 million bushels, with higher estimated beginning stocks more than offsetting lower forecast production. Beginning stocks were reported in the June 29 Grain Stocks report 15 million bushels above last month's projection. Feed and residual disappearance, seed use, and exports are all lowered slightly for 2011/12. Production for 2012/13 is reduced 10 million bushels as a 14-million-bushel reduction in winter wheat is only partly offset by a higher forecast for spring wheat.

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

In this publication...

• Wheat Outlook: July 2012
• Table 1--Wheat: U.S. market year supply and disappearance
• Table 2--Wheat: U.S. market year supply and disappearance
• Table 3--Wheat: U.S. quarterly supply and disappearance (million bushels)
• Table 4--Wheat: Monthly food disappearance estimates (1,000 grain-equivalent bushels)
• Table 5--Wheat: National average price received by farmers (dollars per bushel)
• Table 6--Wheat: National average prices received by farmers by class (dollars per bushel)
• Table 7--Wheat: Average cash grain bids at principal markets
• Table 8--Wheat: U.S. exports and imports for last 6 months (1,000 bushels)
• Table 9--Wheat: U.S. exports, Census and export sales comparison (1,000 metric tons)
• All nine tables

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