WHEAT FUTURES (W) -

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USDA Supply/Demand : U.S. Wheat and Wheat By Class - Jun 10

06/10/2021 | 12:17pm
                                  U.S. Wheat Supply and Use 1/ 
============================================================================== 
Item                            2020/2021                   2021/2022 
                            prev         Jun 10         prev         Jun 10 
============================================================================== 
Area                                     Million acres 
Planted                     44.3           44.3       46.4 *         46.4 * 
Harvested                   36.7           36.7       37.4 *         37.4 * 
                                            Bushels 
Yield per harv. acre        49.7           49.7       50.0 *         50.7 * 
                                         Million Bushels 
Beginning stocks           1,028          1,028          872            852 
Production                 1,826          1,826        1,872          1,898 
Imports                      105            105          125            125 
Supply, total              2,959          2,959        2,869          2,875 
Food                         960            960          963            963 
Seed                          63             63           62             62 
Feed and residual            100            100          170            180 
Domestic, total            1,123          1,123        1,195          1,205 
Exports                      965            985          900            900 
Use, total                 2,088          2,108        2,095          2,105 
Ending stocks                872            852          774            770 
avg farm prc ($/bu) 2/      5.05           5.05         6.50           6.50 
============================================================================== 
                                  U.S. Wheat by Class: Supply and Use 
  Year beginning              Hard     Hard     Soft 
      June 1                Winter   Spring      Red    White    Durum   Total 
============================================================================== 
                                   2020/2021 (estimated) 
Beginning Stocks               506      280      105       95       42   1,028 
Production                     659      530      266      302       69   1,826 
Supply, Total 3/             1,169      859      377      404      150   2,959 
Domestic Use                   410      319      211       91       94   1,123 
Exports                        340      280       70      265       30     985 
Use, Total                     750      599      281      356      124   2,108 
Ending Stocks, Total 
                     Jun       419      261       97       48       26     852 
                     May       423      267      102       53       26     872 
============================================================================== 
Note:  Totals may not add due to rounding.  1/ Marketing year beginning June 
1.  2/ Marketing-year weighted average price received by farmers.  3/ 
Includes imports.  * Planted acres reported in the March 31, 2021, 
'Prospective Plantings.'  Harvested acres and yield for other spring wheat 
and Durum are projected using 10-year harvested-to-planted ratios by state 
and 1985-2020 yield trends by state (except for Arizona and California 
Durum).  For May, winter wheat harvested acres and yield reported in the May 
12, 2021,'Crop Production.'  For June, winter wheat harvested acres and yield 
reported in the June 10, 2021,'Crop Production.' 
****************************************************************************** 
 
                            Wheat-by-class projections for 2021/22 will first 
be published in the July 12, 2021, WASDE. 
****************************************************************************** 
 
 
Write to Rose Ridinger at csstat@dowjones.com 
 

(END) Dow Jones Newswires

06-10-21 1216ET

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