Wheat carryover in 2010 surges to 973 million bus

BakingBusiness.com, July 13, 2010
by Editorial Staff

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WASHINGTON — Wheat stored in all positions in the United States on June 1, comprising the 2010 wheat carryover, totaled 973,392,000 bus, up 48% from 656,505,000 bus on June 1, 2009, the U.S. Department of Agriculture said in its latest Grain Stocks report.

On-farm stocks of wheat were estimated at 209,900,000 bus, up 49% from 140,745,000 bus a year ago, while off-farm stocks totaled 763,492,000 bus, up 48% from 515,760,000 bus last year. Indicated disappearance of wheat during the March-May period was 383 million bus, down slightly from the same period last year, the U.S.D.A. said.

The largest regional wheat inventory on June 1 was held in the Southwest, the principal hard red winter wheat region, at 325,277,000 bus, up 76% from a year earlier. The Upper Midwest, which includes the principal hard red spring wheat states, held 260,956,000 bus of wheat on June 1, up 51% from a year

earlier. The June 1 wheat inventory in the Central states, which includes the major soft red winter wheat states, was 167,839,000 bus of wheat, up 26% from a year ago. Wheat holdings in the Pacific Northwest on June 1 totaled 78,799,000 bus, up 21% from 2009.

Durum stocks on June 1 were 34,603,000 bus, up 38% from 25,074,000 bus a year ago. Indicated disappearance of durum during the March-May period was 20.9 million bus, up 191% from a year ago, the U.S.D.A. said.

Stocks of corn on June 1 totaled 4,310,044,000 bus, up 1% from 4,261,427,000 bus a year ago. Indicated disappearance of corn during the March-May period was 3.38 billion bus, up 27% from the same period last year, the U.S.D.A. said.

June 1 soybean stocks were 571,017,000 bus, down 4% from 596,159,000 bus a year earlier, the U.S.D.A said. Indicated March-May disappearance was 699 million bus, down 1% from the same period a year earlier.

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