U.S. wheat carryover up 12% from 2016

by Ron Sterk
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U.S. corn carryover on Sept. 1, 2017, was projected at 2.409 billion bushels.
 
WASHINGTON — The U.S. Department of Agriculture (USDA) in its Aug. 12 World Agricultural Supply and Demand Estimates report projected U.S. wheat carryover on June 1, 2017, at 1.100 billion bushels, down 5 million bushels from the July projection but up 12% from 981 million bushels in 2016.

 

U.S. corn carryover on Sept. 1, 2017, was projected at 2.409 billion bushels, up 16% from July and up 41% from 1.706 billion bushels forecast for 2016.

Soybean carryover on Sept. 1, 2017, was projected at 330 million bushels, up 14% from the July projection and up 29% from 255 million bushels forecast as the 2016 carryover.

The 2017 U.S.D.A. numbers compared with average pre-report trade expectations of 1.115 billion bushels for wheat, 2.287 billion bushels for corn and 323 million bushels for soybeans. Corn and soybean futures were lower after the report while wheat futures were mixed.

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