Friday, May 10, 2013
arkansas_wheat_field

WASDE Wheat: U.S. Supplies Down 7%; Production Projected Down 9%

AgFax.Com - Your Online Ag News Source


U.S. wheat supplies for 2013/14 are projected at 2,917 million bushels, down 7 percent from 2012/13. Wheat production is projected at 2,057 million bushels, down 9 percent from last year with reduced prospects for Hard Red Winter wheat.  The survey-based forecast for winter wheat production is down 10 percent with the lowest harvested-to-planted ratio since 2006/07 and lower yields as persistent drought and April freezes reduce crop prospects in the southern and central Plains. Partly offsetting is higher forecast Soft Red Winter wheat production with higher area. Spring wheat production for 2013/14 is projected to decline 8 percent as reduced durum area and a return to trend yields reduce prospects for durum and other spring wheat.

Total U.S. wheat use for 2013/14 is projected down 7 percent year-to- year with lower domestic use and exports. Feed and residual disappearance is projected 70 million bushels lower as larger supplies and lower prices for feed grains in 2013/14 limit wheat feeding by late summer. Partly offsetting is a 13-million-bushel increase in domestic food use as flour extraction rates fall from a very high level in 2012/13 and consumption grows with population. Exports for 2013/14 are projected at 925 million bushels, down 100 million from the 2012/13 projection. Large crops for major export competitors limit opportunities for U.S. wheat. U.S. ending stocks are projected to decline for a fourth consecutive year. At 670 million bushels, ending stocks would be down 61 million bushels from the 2012/13 projection. The all wheat season-average farm price is projected at $6.15 to $7.45 per bushel, down from the re cord $7.80 projected for 2012/13 as world prices for wheat and coarse grains are expected to decline sharply by fall.

Global 2013/14 wheat supplies are projected 3 percent higher than in 2012/13 with a 51.2-million-ton increase in foreign production more than offsetting a 19.3-million-ton reduction in global beginning stocks and lower forecast production in the United States. At the projected 701.1 million tons, global production would be a record and up 45.5 million from 2012/13. Production for 2013/14 is projected higher in all of the world’s major exporting countries wi th the largest increases expected in the FSU-12 and EU-27, up 29.9 million tons and 6.7 million tons, respectively. Production is projected higher for Australia, Argentina, and Canada, up a collective 6.2 million tons from the current year. Also affecting global trade prospects in 2013/14 are year-to-year production increases for major importers, the Middle East and North Africa, where weather has been favorable for winter crops since seeding last fall.

Global wheat exports for 2013/14 are projected higher than in 2012/13 with increases expected for FSU-12, Argentina, and India more than offse tting reductions for EU-27 and Australia . Global wheat consumption is projected 20.0 million tons higher with increases in both feeding and food use. Wheat feed and residual use is raised for FSU-12 and EU-27 with larger production. The largest increase in food use is for India, but lower prices support small increases for many countries. Global ending stocks for 2013/14 are projected at 186.4 million tons, up 6. 2 million on the year.

Complete WASDE pdf REPORT


Tags: , ,


Leave a Reply

Name and Email Address are required fields. Your email will not be published or shared with third parties.

Sunbelt Ag News

    Insure Your Crop Revenue Guarantee — DTN9-16

    DTN Livestock Open: Cattle Pits to Begin Moderately Lower9-16

    DTN Grain Open: Commercial Buying Lifts Corn9-16

    Keith Good: USDA Rates Corn Crop 74% Good or Excellent, Soybeans 72%9-16

    Feed Outlook: Record Corn Crop on Higher Yields9-15

    DTN Livestock Close: Futures Settle with Mixed Price Action9-15

    Doane Cotton Close: Post-Report Strength Wanes9-15

    DTN Cotton Close: Tumbles to Steep Losses9-15

    Corps of Engineers Vindicated in ’11 Missouri River Basin Flood — DTN9-15

    DTN Grain Close: Corn, Soybeans Higher in Mild Trade9-15

    Cotton Outlook: U.S. Production Cut Nearly 1M Bales9-15

    Oil Crops Outlook: U.S. Soybean Yields To Raise Ending Stocks to 8-Year High9-15

    Wheat Outlook: Higher Imports, Decreased Exports9-15

    DTN Livestock Midday: Mixed Prices Hold Across Complex9-15

    Good on Grain: Revisions to Corn, Soybean Acreage Estimates Possible9-15

    Choose Your Cover Crops Carefully — DTN9-15

    DTN Grain Midday: Corn, Soybeans Slightly Higher9-15

    GMO Critics to Get Their Say at D.C. Hearings — DTN9-15

    Arkansas Forage and Grassland Council Conference Set Oct. 30 in Conway9-15

    DTN Cotton Open: Falls to Sharp Losses on Brisk Volume9-15

    Arkansas Winter Forages: What to Plant and How Much9-15

    Flint on Crops: Variety Trials are Worth Your Attention9-15

    Kansas Farmers Can Pursue Prizes for Soybean Yields, Values9-15

    Farmland Auction: Arkansas, Louisiana, Mississippi Cropland – October 229-14

    Cotton – Southeast – More Cotton Defoliation; Rains Come Too Late – AgFax9-12

    Cotton – Midsouth – Picking Starts, More Cotton Defoliation Begins – AgFax9-12

    Soybeans – South – Variable Soybean Loopers; More Beans Cut – AgFax9-12

    Rice Crop: Harvest Zooms Along in Texas, Louisiana, Starts to Pick Up in the Delta9-12

    Rice Market: USDA Chops 11.5M CWT from Total Supply9-12

    Rose on Cotton: USDA Released a Bearish S&D Report9-12

    Environmental Groups Sue EPA Over Delay in Chlorpyrifos Ban – DTN9-12

    Cleveland on Cotton: Growers, Do Not Price Your Crop Right Now.9-12

    Welch on Wheat: U.S. and World Ending Stocks Increase9-12

    Welch on Grain: Increased Corn Production, Carryover9-12

    AFB Grain-Soybean Close: Soybeans Up, Wheat Lower, Corn Mixed9-12

    AFB Cotton Close: Slight Losses in Dec.9-12

    AFB Rice Close: Futures See More Solid Gains9-12

    Railroad Criticism a Long-Standing Refrain Among Farmers9-12

    Texas Sorghum: Sugarcane Aphids Confirmed on Southern High Plains9-12

    USDA: Peanut Price Highlights9-12

    AgFax Rice Review: New Reservoir for Texas Growers; Continued Drought Problems in California9-12

    Peanut Harvest Gains Momentum In SE, Starts In Delta – AgFax9-12

    Small Farms and the Affordable Care Act9-12

    Georgia: Plains Peanut Festival, September 27, Celebrates Peanuts And Legacy9-12

    Mississippi Outdoors: Litter is Illegal, Unattractive and Even Harmful9-12

    Farming on the Mother Road: Farmers Becoming Sparse in California — DTN9-12

    Cattle at the Crossroads: Impact of Herd Expansion9-12

    Georgia Gains Section 18 To Apply Transform On Grain Sorghum For Sugarcane Aphids9-12

    U.S. Grain Transportation: Total Inspections Highest Since May9-12

    Nimitz, Non-Fumigant Nematicide, Gains EPA Registration9-12

    Grain Transportation: Congress Attempts to Find Rail Delay Solution – DTN9-11

    Texas: Growers Get Financial Help with Organic Certification9-11

    USDA Pegs Average Corn, Soybean Yields at Record Highs – DTN9-11

    USDA: $328M to Conserve Wetlands and Farmland, Boost Economy9-11

    2nd Arkansas Soybean Grower Breaks 100 BPA, and State Record9-11

    Ethanol: 11th Hour RFS Campaigns – DTN9-11

    USDA Adds More Primary Natural Disaster Areas9-11

    Arkansas Soybean Producer Breaks 100-Bushel Barrier 2 Years In A Row9-11

    Shurley on Cotton: No Surprise — Crop Estimate Shrinks9-11

    USDA: Corn, Soybean Production Forecast Raised, Cotton Lowered9-11

    WASDE Cotton: U.S. Production Reduced 1M Bales9-11

    WASDE Rice: U.S. Supplies Reduced 11.5M CWT9-11

    WASDE Oilseeds: U.S. Soybean Projection Up 97M Bushels9-11

    WASDE Coarse Grains: U.S. Corn Production Boosted to 14,395M Bushels9-11

    WASDE Wheat: Projected U.S. Supplies Raised 10M Bushels9-11

    Delaware: Soybean Farmers Urge Neighbors to ‘Share the Road’9-11

    Farm Program Decisions: Choosing Between ARC-CO and PLC9-11

    Livestock: Cattle Market Is Extra Jumpy This Year – DTN9-11

    U.S. Energy: Demand for Ultra-Low Sulfur Diesel Likely to Rise9-11

    Gasoline Prices: Show Marginal Decrease9-11

    Propane Stocks: Inventories Down Slightly9-11

    Diesel Prices: Average Holds Steady9-11

    Farming on the Mother Road: Arizona Ranchers Crave Grass, Water — DTN9-11

    Sunbelt Ag Events

     

    About Us

    AgFax.Com covers agricultural trends and production topics, with an emphasis on news about cotton, rice, peanuts, corn, soybeans, wheat and tree crops, including almonds, pecans, walnuts and pistachios.

      

    This site also serves as the on-line presence of electronic crop and pest reports published by AgFax Media LLC (formerly Looking South Communications).

        

    Click here to subscribe to our free reports.

      

    We provide early warnings and confirmations about pests, diseases and other factors that influence yield. Our goal is to quickly provide farmers and crop advisors with information needed to make better and more profitable decisions.

         

    Our free weekly crop and pest advisories include:

    • AgFax Midsouth Cotton, covering cotton production and news in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Missouri.

    • AgFax Southeast Cotton, covering cotton production and news in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.

    • AgFax Southwest Cotton (new for 2013!), covering cotton production and news in Texas, Oklahoma, Kansas and New Mexico.

    • AgFax West (formerly MiteFax: SJV Cotton), covering California cotton, alfalfa, tomatoes and other non-permanent crops in California's Central Valley.

    • AgFax Rice covering rice production and news in Arkansas, Louisiana, Mississippi, Missouri and Texas.

    • AgFax Peanuts, covering peanut production in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Texas and Virginia.

    • AgFax Southern Grain: covering soybeans, corn, milo and small grains in Southern states.

    • AgFax Almonds, covering almonds, pistachios, walnuts and other tree crops in California's Central Valley.

    • AgCom 101, providing guidance to ag professionals involved in social media.

    Our newsletters are sponsored by the following companies: FMC Corporation Chemtura Dow AgroSciences.

          

    Mission statement:

    Make it as easy as possible for our community of readers to find and/or receive needed information.

              

    Contact Information:

    AgFax Media. LLC

    142 Westlake Drive Brandon, MS 39047

    601-992-9488 Office 601-992-3503 Fax

    Owen Taylor Debra L. Ferguson Laurie Courtney

          

    Circulation Questions?

    Contact Laurie Courtney