mag
9-3-2005, 10:33 pm
WHEAT:
Projected U.S. 2004/05 ending stocks of wheat are down 25 million bushels from last month. Exports are up 25 million bushels due to higher world imports and stronger-than-expected sales of hard bread wheats. Hard red spring wheat exports are 15 million bushels more than last month; hard red winter exports are up 12 million bushels; and white wheat exports are up 5 million bushels. Soft red winter wheat exports are down 5 million bushels and durum exports are 2 million bushels lower than last month. The projected price range is $3.30 to $3.45 (USD) per bushel, up 5 cents on the lower end.
Projected 2004/05 global wheat production, use, and stocks are up slightly from last month.
Global wheat production is raised 1.3 million tons to a record 622 million tons, up 13 percent from last year. Larger crops are projected for Russia (up 0.8 million tons) and Serbia and Montenegro (up 0.6 million tons), with smaller increases for several other countries. Global consumption is raised fractionally from last month due to higher feed use. Global imports and exports are up slightly from last month. The EU-25's imports are up 0.5 million tons and smaller increases in imports are projected for Georgia, Mozambique, Ghana, and Jamaica. In addition to larger projected U.S. exports, Argentina's exports increase 0.5 million tons. Lower exports for Kazakstan (down 0.5 million tons) and Romania (down 0.2 million tons) are partially offsetting. Global ending stocks are up fractionally from last month's projection with the largest changes occurring in Argentina (down 0.9 million tons), the United States (down 0.7 million tons), and the EU-25 (up 0.7 million tons).
: Output : Supply : Trade : Use : Stocks
Wheat :
2002/03 : 566.96 769.03 108.48 601.41 167.62
2003/04 (Est.) : 552.83 720.45 110.25 589.48 130.97
2004/05 (Proj.) :
January : 620.89 751.80 107.91 606.51 145.29
February : 622.19 753.16 108.39 607.78 145.38
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COARSE GRAINS:
Global 2004/05 coarse grain supply, use, and stocks projections are up from last month. Global production is raised 0.8 million tons to a record 997 million tons, 10 percent larger than 2003/04. Larger coarse grain crops are projected for Argentina (up 0.7 million tons) and Belarus (up 0.5 million tons) with smaller increases projected for other countries. Brazil's corn crop is lowered 0.5 million tons and Russia's coarse grain crop is down 0.4 million tons. In addition, Argentina's 2003/04 corn crop is up 0.5 million tons.
Global feed consumption of coarse grains rises slightly from last month with the largest increases projected for Belarus and Russia (up 0.5 and 0.4 million tons, respectively). Canada's feed consumption is down 0.2 million tons. Small decreases in imports are projected for Indonesia, Canada, Russia, and the EU-25.
Larger exports are projected for Argentina and Australia (both up 0.5 million tons), offset by smaller exports from the United States (down 1.3 million tons), Brazil (down 0.6 million tons), and Russia (down 0.5 million tons). Global coarse grain stocks increase 1.5 million tons from last month and are up 28 million tons from last year. The largest month-to-month changes in projected ending stocks are for the United States (up 1.3 million tons), Australia (down 0.5 million tons), and Russia (down 0.3 million tons).
Projected U.S. 2004/05 ending stocks of wheat are down 25 million bushels from last month. Exports are up 25 million bushels due to higher world imports and stronger-than-expected sales of hard bread wheats. Hard red spring wheat exports are 15 million bushels more than last month; hard red winter exports are up 12 million bushels; and white wheat exports are up 5 million bushels. Soft red winter wheat exports are down 5 million bushels and durum exports are 2 million bushels lower than last month. The projected price range is $3.30 to $3.45 (USD) per bushel, up 5 cents on the lower end.
Projected 2004/05 global wheat production, use, and stocks are up slightly from last month.
Global wheat production is raised 1.3 million tons to a record 622 million tons, up 13 percent from last year. Larger crops are projected for Russia (up 0.8 million tons) and Serbia and Montenegro (up 0.6 million tons), with smaller increases for several other countries. Global consumption is raised fractionally from last month due to higher feed use. Global imports and exports are up slightly from last month. The EU-25's imports are up 0.5 million tons and smaller increases in imports are projected for Georgia, Mozambique, Ghana, and Jamaica. In addition to larger projected U.S. exports, Argentina's exports increase 0.5 million tons. Lower exports for Kazakstan (down 0.5 million tons) and Romania (down 0.2 million tons) are partially offsetting. Global ending stocks are up fractionally from last month's projection with the largest changes occurring in Argentina (down 0.9 million tons), the United States (down 0.7 million tons), and the EU-25 (up 0.7 million tons).
: Output : Supply : Trade : Use : Stocks
Wheat :
2002/03 : 566.96 769.03 108.48 601.41 167.62
2003/04 (Est.) : 552.83 720.45 110.25 589.48 130.97
2004/05 (Proj.) :
January : 620.89 751.80 107.91 606.51 145.29
February : 622.19 753.16 108.39 607.78 145.38
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COARSE GRAINS:
Global 2004/05 coarse grain supply, use, and stocks projections are up from last month. Global production is raised 0.8 million tons to a record 997 million tons, 10 percent larger than 2003/04. Larger coarse grain crops are projected for Argentina (up 0.7 million tons) and Belarus (up 0.5 million tons) with smaller increases projected for other countries. Brazil's corn crop is lowered 0.5 million tons and Russia's coarse grain crop is down 0.4 million tons. In addition, Argentina's 2003/04 corn crop is up 0.5 million tons.
Global feed consumption of coarse grains rises slightly from last month with the largest increases projected for Belarus and Russia (up 0.5 and 0.4 million tons, respectively). Canada's feed consumption is down 0.2 million tons. Small decreases in imports are projected for Indonesia, Canada, Russia, and the EU-25.
Larger exports are projected for Argentina and Australia (both up 0.5 million tons), offset by smaller exports from the United States (down 1.3 million tons), Brazil (down 0.6 million tons), and Russia (down 0.5 million tons). Global coarse grain stocks increase 1.5 million tons from last month and are up 28 million tons from last year. The largest month-to-month changes in projected ending stocks are for the United States (up 1.3 million tons), Australia (down 0.5 million tons), and Russia (down 0.3 million tons).