出版社：U.S. Department of Agriculture * Economic Research Service
摘要：U.S. wheat ending stocks for 2007/08 are projected at 307 million bushels, down 55
million bushels from last month, reflecting lower production and higher use as an
increase in projected exports more than offsets lower projected feed and residual use. If
realized, this year¡¯s ending stocks would be the lowest since 1948/49. Production is
lowered 47 million bushels this month based on the latest production estimate from the
Small Grains¨C2007 Summary report. Feed and residual use is projected 45 million
bushels lower this month as strong export demand and higher prices are expected to limit
wheat feeding during the remainder of the 2007/08 marketing year. Exports are raised
50 million bushels reflecting tighter world supplies and the strong pace of U.S.
shipments and sales to date. The season-average farm price is projected at $5.80 to
$6.40 per bushel, up 30 cents on each end of the range from last month and well above
the record of $4.55 per bushel in 1995/96.
