Ending stocks of wheat for 2013/14 are projected to be down 11 million bushels from May as total use increases more than total supplies. Total wheat supplies for 2013/14 are projected up 39 million bushels because of higher production and carryin stocks. Total projected use is up 50 bushels from May because of higher exports.

Total production is projected at 2,080 million bushels, up 23 million bushels from May.