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Accession Number
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PB2013-101805
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Title
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World Agricultural Supply and Demand Estimates, October 11, 2012.
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Publication Date
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Oct 2012
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Media Count
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40p
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Personal Author
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N/A
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Abstract
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Projected U.S. wheat ending stocks for 2012/13 are lowered 44 million bushels as higher feed and residual disappearance more than offsets a reduction in projected exports. Production for 2012/13 is raised 1 million bushels based on the latest estimate from the September 30 Small Grains report. Feed and residual use is projected 95 million bushels higher reflecting the September 1 stocks that indicated higher-than-expected June-August disappearance. Exports are lowered 50 million bushels on the pace of shipments and sales to date and stronger expected competition. Export projections are lowered for Hard Red Winter and Soft Red Winter wheat. The projected range for the 2012/13 season-average farm price is narrowed 15 cents on both ends to $7.65 to $8.55 per bushel. Small revisions to 2011/12 feed and residual disappearance and seed use reflect recent updates to stocks and acreage.
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Keywords
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Agricultural economics
Competition
Estimates
Exports
Grains(Food)
Prices
Production
Projections
Revisions
Sales
Statistical data
Supply and demand
Wheat
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Source Agency
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World Agricultural Outlook Board
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NTIS Subject Category
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98B - Agricultural Economics
96A - Domestic Commerce, Marketing, & Economics
96C - International Commerce, Marketing, & Economics
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Corporate Author
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Department of Agriculture, Washington, DC. World Agricultural Outlook Board.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1302
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Contract Number
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N/A
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