mag
13-5-2005, 07:52 pm
WHEAT:
The current 2005/06 season U.S. wheat outlook is for a modest increase in production, and a slight decrease in exports, and a rise stocks. Total production is predicted to up 1 percent from 2004/05 to 2,185 million bushels. The survey-based forecast of winter wheat production is up 6 percent because of reduced abandonment and higher yields. Spring and durum wheat production is projected to decline based on current trends based on yields and the most recent 10-year average of harvested-to-planted ratios. Total wheat supplies are up only 2 percent, reflecting the smaller beginning stocks in the US.
Total wheat use is projected to decrease a further 5 percent in 2005/06 because of smaller exports and feed and residual use. Food use is currently unchanged. Projected exports of 950 million bushels are down 100 million bushels because of larger exportable supplies in the EU-25 countries, Ukraine, and Russia. U.S. ending stocks are up 137 million bushels the largest since 2001/02 season. The 2005/06 price range is $2.55 to $3.05 per bushel ($3.30 to $3.95 AUD), compared with an estimated $3.39 ($4.39 AUD) for 2004/05.
The 2005/06 global wheat outlook includes larger carry-in stocks, offsetting smaller crops, resulting in larger supplies. Global wheat production declines to 615.2 million tons, down 9.7 million. Most of the decrease is due to a drop in EU-25 production with smaller declines projected for Canada, Ukraine, Argentina, and Russia. Canada's crop is down but quality is expected to improve. Larger crops are projected for the United States, China, India, Kazakhstan, and Australia. Despite the
drop in global production, stocks are expected to decline just 2.1 million tons.
World wheat imports are projected down just over 1 million tons, partly due to lower imports by China and Pakistan. However, Turkey and Morocco's imports are expected to rise. Smaller coarse grain crops are projected to increase wheat feeding in the EU-25, Russia, and Ukraine. Global wheat stocks declined slightly with the largest reduction in China. The largest increase in stocks is projected for the United States.
If anyone needs any data or market info on any agricultrual product just ask away and I will be happy to provide the information ASAP.
Cheers :thumb
The current 2005/06 season U.S. wheat outlook is for a modest increase in production, and a slight decrease in exports, and a rise stocks. Total production is predicted to up 1 percent from 2004/05 to 2,185 million bushels. The survey-based forecast of winter wheat production is up 6 percent because of reduced abandonment and higher yields. Spring and durum wheat production is projected to decline based on current trends based on yields and the most recent 10-year average of harvested-to-planted ratios. Total wheat supplies are up only 2 percent, reflecting the smaller beginning stocks in the US.
Total wheat use is projected to decrease a further 5 percent in 2005/06 because of smaller exports and feed and residual use. Food use is currently unchanged. Projected exports of 950 million bushels are down 100 million bushels because of larger exportable supplies in the EU-25 countries, Ukraine, and Russia. U.S. ending stocks are up 137 million bushels the largest since 2001/02 season. The 2005/06 price range is $2.55 to $3.05 per bushel ($3.30 to $3.95 AUD), compared with an estimated $3.39 ($4.39 AUD) for 2004/05.
The 2005/06 global wheat outlook includes larger carry-in stocks, offsetting smaller crops, resulting in larger supplies. Global wheat production declines to 615.2 million tons, down 9.7 million. Most of the decrease is due to a drop in EU-25 production with smaller declines projected for Canada, Ukraine, Argentina, and Russia. Canada's crop is down but quality is expected to improve. Larger crops are projected for the United States, China, India, Kazakhstan, and Australia. Despite the
drop in global production, stocks are expected to decline just 2.1 million tons.
World wheat imports are projected down just over 1 million tons, partly due to lower imports by China and Pakistan. However, Turkey and Morocco's imports are expected to rise. Smaller coarse grain crops are projected to increase wheat feeding in the EU-25, Russia, and Ukraine. Global wheat stocks declined slightly with the largest reduction in China. The largest increase in stocks is projected for the United States.
If anyone needs any data or market info on any agricultrual product just ask away and I will be happy to provide the information ASAP.
Cheers :thumb