World wheat supplies unchanged

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article


While global wheat supplies are basically unchanged this month (higher by less than 0.1 million tons), world wheat production in 2012/13 is forecast down 0.7 million tons at 653.6 million.

In Kazakhstan, the government statistical office released final harvest results that indicate lower-than-expected harvested area and a 0.7-million-ton reduction in wheat output, lowering the harvest to 9.8 million.

Brazilian 2012/13 wheat production is reduced 0.5 million tons to 4.3 million following disappointing final harvest reports from Rio Grande do Sul, the second largest wheat-producing State in Brazil, where frost and hail reportedly affected yields more than expected.

Partly offsetting are upward revisions for wheat production in Ukraine for both the current and previous year (up 0.3 and 0.2 million tons for 2012/13 and 2011/12, respectively) and in Belarus, up 0.1 million tons. Small adjustments are made for Mexico (where the harvest was completed in June 2012), South Africa, and South Korea. Series revisions resulting in production changes are made for a number of prior years for Paraguay and Moldova.

The small reduction in world wheat output is offset by a 0.8-million-ton increase in global beginning stocks, due to a revision of the wheat food consumption series for South Korea for the last 3 years, the already mentioned revisions for Paraguay and Moldova, and a reduction of 2011/12 feed use in Israel.

Slight changes are projected for foreign wheat use for 2012/13, with a reduction of less than a million tons for both food use and wheat feeding. Wheat feeding in the EU-27 is reduced 0.5 million tons to 52.0 million this month, as the region is expected to feed more corn coming from Brazil, while exporting additional wheat.

Projected feed use is also decreased 0.3 million tons to 0.1 million for Saudi Arabia, as that country returns to its historical pattern of higher barley and marginal wheat feeding, after last year’s high feed wheat availability and relatively low prices caused a spike in wheat feeding.

Wheat feeding is trimmed for Vietnam and Israel as a result of lower imports. Partly offsetting this reduction is projected higher wheat feeding in Korea, up 0.6 million tons on account of a rebound in its pork sector, which had been badly hurt by a foot-and-mouth disease outbreak in 2010-11.

Lower (0.2 million tons) feeding in Kazakhstan is fully offset by an increase in Ukraine, both reflecting adjustments in wheat output.

A small wheat feed use adjustment is made for Paraguay following the production series revision. With foreign wheat supplies slightly up and wheat consumption down a little, foreign wheat ending stocks for 2012/13 are projected 0.8 million tons higher this month to 157.9 million. World ending stocks are practically unchanged this month at 176.7 million tons, with a small reduction in U.S. stocks.

Projected ending stocks are up 0.5 million tons to 3.9 million in Iran (higher imports) and 0.4 million tons in South Korea (larger supplies partly offset by higher consumption). Stocks are also up in Ukraine (0.3 million tons), Belarus (0.1 million tons), and slightly up in Kazakhstan, Moldova, and Paraguay. Partly offsetting are reductions in ending stocks for Morocco (down 0.5 million tons on lower projected imports), and very small reductions in stocks for Mexico, South Africa, and Vietnam.

Source: Wheat Outlook 


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Wireless Data Transfer

Enables wireless transmission of data between the GreenStar™ 3 2630 display, MyJohnDeere.com, and the producer’s farm management information system. This ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form