Projected 2011/2012 ending wheat stocks raised

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

Projected U.S. wheat ending stocks for 2011/12 are raised 76 million bushels as lower expected domestic use and exports more than offset reduced production. Production is down 69 million bushels, mostly reflecting lower spring wheat output as estimated in the September 30 National Agricultural Statistics Service (NASS) Small Grains report. With tighter domestic supplies and an increase in production in Canada, U.S. imports are raised 10 million bushels, 5 million bushels each for durum and hard red spring (HRS) wheat.

Domestic use is lowered 84 million bushels, with seed use reduced 4 million bushels on lower planted area and feed and residual use projected 80 million bushels lower on 1st quarter feed and residual use. All wheat food use for 2011/12 is unchanged; however, food use is lowered 15 million bushels for HRS wheat and raised an offsetting amount for hard red winter (HRW) wheat. U.S. exports for 2011/12 are projected 50 million bushels lower with HRS reduced 40 million and HRW reduced 10 million. The season-average price received by producers is projected at $7.10 to $7.90 per bushel compared with $7.35 to $8.35 last month. The higher 2011/12 wheat carryout projection and lower corn prices are both expected to limit seasonal price increases.

Increased foreign production is forecast for 2011/12, as well as larger beginning stocks, boosting world wheat supplies sharply this month. With projected use down, ending stocks are projected at a 10-year high. Global wheat trade is projected higher, while U.S. wheat export prospects continue to decline. Wheat exports are projected to rise for Australia, Russia, Canada, and Kazakhstan.


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...

Related Articles

No matching related articles at this time.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Smooth Wall Grain Bins

Meridian’s SmoothWall bins are the ultimate storage bins, used to handle and store fertilizer, grain, feed and seed, and extend ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form