Milling & Baking News - October 16, 2012 - 16

Data 

Wheat exports by classes
Hard winter Soft red Hard spring White Durum Total 2012-13* 2011-12 2010-11 — (million bus) — 545 397 616 170 165 109 240 242 339 170 218 182 25 27 43 1,150 1,050 1,289 2009-10 370 109 214 143 44 881
*projected

Domestic wheat use by classes
Hard winter Soft red Hard spring White Durum Total 2012-13* 2011-12 2010-11 — (million bus) — 582 452 403 276 311 228 291 225 308 101 124 95 88 70 95 1,338 1,182 1,128 2009-10 421 256 282 87 90 1,137
*projected

use of U.S. wheat in 2012-13 at 950 million bus, unchanged from September but up 9 million bus, or 1%, from 941 million bus in 2011-12. Feed and residual use was projected at 315 million bus, up 95 million bus, or 43%, from September and up 151 million bus, or 92%, from 164 million bus in 2011-12. Total domestic use was projected at 1,338 million bus, up 95 million bus, or 8%, from September and up 156 million bus, or 13%, from 1,182 million bus in 2011-12. Exports of U.S. wheat for 2012-13 were projected at 1,150 million bus, down 50 million bus from September but up 100 million bus, or 10%, from 1,050 million bus in 2011-12. Total use of wheat in 2012-13 was

projected at 2,488 million bus, up 45 million bus from September and up 257 million bus, or 12%, from 2,231 million bus last year. The average farm price of U.S. wheat in 2012-13 was projected to range from $7.65@8.55 a bu, compared with $7.50@8.70 a bu projected in September and $7.24 a bu in 2011-12. On a by-class basis, the U.S.D.A. projected June 1, 2013, carryover of hard winter wheat at 195 million bus, down 78 million bus, or 29%, from 273 million bus in September and down 122 million bus, or 38%, from 317 million bus in 2012. Soft red winter wheat carryover was projected at 189 million bus, up 30

million bus, or 19%, from 159 million bus in September and up 4 million bus from 2012. Hard spring wheat carryover was projected at 170 million bus, up 2 million bus, or 1%, from 168 million bus in September and up 19 million bus, or 13%, from 151 million bus in 2012. White wheat carryover was projected at 61 million bus in 2013, up 7 million bus from September but down 3 million bus from 2012. Durum carryover on June 1, 2013, was projected at 39 million bus, down 5 million bus from September but up 14 million bus, or 56%, from 25 million bus in 2012. MBN

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Milling & Baking News - October 16, 2012

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