Steady U.S. Wheat Demand
The first World Agricultural Supply and Demand Estimates (WASDE) for 2012 reflected steady overseas demand for U.S. wheat and an optimistic group of U.S. winter wheat growers. Projected exports are raised 25 million bushels based on the pace of sales and shipments to traditional
markets. Increases for Hard Red Winter, White, and Soft Red Winter wheat more than offset a
reduction for Hard Red Spring wheat. Ending stocks are projected 8 million bushels lower at 870 million. Global ending stocks for 2011/12 are projected 1.5 million tons higher at 210.0 million.
Read the January WASDE Report