Milling & Baking News - July 8, 2014 - 18

Data 

2014 wheat carryover at 590
million bus; smallest since 2008

2013. The Paciﬁc Northwest wheat
supply accounted for 9% of the national inventory. Five per cent of the
region's wheat supply was stored on
WASHINGTON - The National Ag- 172,626,000 bus, down 11,292,000 bus, farms with the remainder, 48,366,000
ricultural Statistics Service of the U.S. or 6%, from 183,918,000 bus in 2013. bus, held in commercial storage.
Paciﬁc Northwest wheat disappearDepartment of Agriculture on June 30 Upper Midwest stocks accounted for
estimated the June 1 inventory of old- 29% of the nation's wheat inventory ance in March-May totaled 69,774,000
bus, up 3,644,000 bus, or 6%, from
crop wheat held in all positions in the compared with 26% a year ago.
On-farm wheat holdings in the Up- 66,130,000 bus in the fourth quarter of
United States, comprising the 2014
wheat carryover, at 589,722,000 bus, per Midwest totaled 84,200,000 bus, 2012-13. Wheat disappearance from the
which was 128,167,000 bus, or 18%, down 13,300,000 bus, or 14%, from region in the 2013-14 crop year totaled
smaller than the June 1, 2013, holdings 97,500,000 bus on June 1, 2013. On- 306,953,000 bus, down 3,989,000 bus, or
of 717,889,000 bus. It was the smallest farm stocks accounted for 49% of the 1%, from 310,942,000 bus in 2012-13.
Durum stocks on June 1, compriswheat carryover since 306 million bus region's wheat supply compared with
in 2008 (the lowest U.S. wheat carry- 53% a year earlier. Upper Midwest on- ing the 2014 durum carryover, totaled
over since shortly after World War II) farm wheat stocks accounted for 77% 21,525,000 bus, down 1,525,000 bus, or
7%, from 23,050,000 bus in 2013. It was
and compared with the recent ﬁve- of all U.S. farm wheat holdings.
Wheat disappearance from the Up- the smallest durum carryover since
year average June 1 wheat inventory
per Midwest in March-May totaled 8 million bus in 2008 and compared
at 791 million bus.
with 28.6 million bus as the
Wheat held in commerrecent ﬁve-year average ducial hands on June 1 toU.S. wheat carryover
rum June 1 inventory.
taled 492,727,000 bus, down
in million bus
Durum stored on farms
105,012,000 bus, or 18%,
totaled 12,800,000 bus comfrom 597,739,000 bus in 2013.
976
pared with 13,600,000 bus a
On-farm wheat holdings to862
year earlier, and the commertaled 96,995,000 bus, down
743 718
cial June 1 durum inventory
23,155,000 bus, or 19%, from
657
590
was 8,725,000 bus compared
120,150,000 bus in 2013.
540 571
with 9,450,000 bus in 2013.
The March-May indi456
The recent ﬁve-year average
cated wheat disappearance
306
durum carryover was 28.6
was 467,243,000 bus, down
million bus.
49,698,000 bus, or 10%, from
Durum
disappearance
516,941,000 bus in the same
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
in the fourth quarter of the
quarter in 2013.
Source: U.S. Department of Agriculture
2013-14 crop year totaled
The largest regional wheat
inventory on June 1 was held in the 172,721,000 bus, up 30,266,000 bus, 16,605,000 bus, down 2,833,000 bus,
Southwestern hard red winter wheat or 21%, from 142,455,000 bus in the or 15%, from 19,438,000 bus in Marchstates of Colorado, Kansas, Nebraska, same span in 2013. Wheat disappear- May 2013. Disappearance in the 2013Oklahoma and Texas. Southwestern ance in the 2013-14 crop year totaled 14 crop year totaled 63,438,000 bus,
wheat stocks totaled 209,875,000 bus, 632,951,000 bus, down 59,582,000 bus, down 21,778,000 bus, or 26%, from
down 86,565,000 bus, or 29%, from or 9%, from 692,533,000 bus in 2012-13. 85,216,000 bus in 2012-13.
The U.S.D.A. indicated the June 1
June 1 wheat stocks in the key soft
296,440,000 bus in 2013. The Southwestern wheat holdings comprised red winter wheat region of the Central inventory of corn was 3,853,685,000
36% of the nation's wheat carryover states - Illinois, Indiana, Michigan, bus, up 1,087,441,000 bus, or 39%,
Missouri and Ohio - totaled 78,143,000 from 2,766,244,000 bus in 2013. The
compared with 41% a year earlier.
Only 3% of the region's June 1 wheat bus, down 31,684,000 bus, or 29%, from indicated March-May corn disapinventory was held on farms. Farm 109,827,000 bus in 2013. Central states pearance was 3,154,438,000 bus comholdings totaled 5,820,000 bus, and off- wheat stocks accounted for 13% of the pared with 2,633,682,000 bus in the
nation's wheat inventory. Only 2% of 2013 quarter. Corn disappearance in
farm holdings totaled 204,055,000 bus.
Wheat disappearance from the the region's wheat holdings, 1,940,000 the ﬁrst three quarters of 2013-14 -
Southwest in March-May 2014 totaled bus, was stored on farms with the re- September 2013-May 2014 - totaled
10,892,647,000 bus, up 1,889,568,000
126,860,000 bus, down 45,592,000 bus, mainder in commercial storage.
Central states wheat disappearance bus, or 21%, from 9,003,079,000 bus in
or 28%, from 175,452,000 bus in the
fourth quarter of 2012-13. Wheat disap- in the fourth quarter of 2013-14 totaled the same span in 2012-13.
Soybean stocks on June 1 totaled
pearance from the Southwest during the 59,320,000 bus, down 5,057,000 bus, or
2013-14 crop year totaled 660,983,000 8%, from 64,377,000 bus in March-May 405,183,000 bus, down 29,481,000 bus,
bus, down 69,652,000 bus, or 10%, from 2013. Indicated wheat disappearance in or 7%, from 434,664,000 bus in 2013.
the 2013-14 crop year was 266,964,000 The indicated March-May soybean
730,635,000 bus in 2012-13.
The spring wheat states of the Up- bus, up 50,230,000 bus, or 23%, from disappearance was 588,645,000 bus, up
25,289,000 bus, or 4%, from 563,356,000
per Midwest - Minnesota, Montana, 216,734,000 bus in the previous year.
June 1 wheat stocks in the soft white bus in 2012-13. Soybean disappearance
North Dakota and South Dakota -
maintained the second-largest June 1 winter states of the Paciﬁc Northwest in the ﬁrst three quarters of 2013-14 towheat inventory and the nation's larg- - Idaho, Oregon and Washington - taled 3,024,207,000 bus, up 255,920,000
est on-farm wheat supply. Upper Mid- totaled 51,086,000 bus, down 6,937,000 bus, or 9%, from 2,768,287,000 bus in
west wheat stocks on June 1 totaled bus, or 12%, from 58,023,000 bus in September-May 2013. MBN
18 / July 8, 2014 Milling & Baking News

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