World 2013-14 wheat ending stocks up 2.4% from November
The U.S. Department of Agriculture, in its Dec. 10 World Agricultural Supply and Demand Estimates, p…The U.S. Department of Agriculture, in its Dec. 10 World Agricultural Supply and Demand Estimates, projected 2013-14 global ending stocks of wheat at 182.78 million tonnes, up 2.4% from the November projection of 178.48 million tonnes and up about 4% from 175.83 million tonnes estimated for 2012-13.
World wheat production for 2013-14 was projected at 711.42 million tonnes, up 5.04 million tonnes from November and up 55.25 million tonnes, or about 8%, from 656.17 million tonnes in 2012-13. Global wheat consumption was projected at 704.47 million tonnes, up 980,000 tonnes from November and up 25.19 million tonnes, or 4%, from 679.28 million tonnes in 2012-13. World wheat exports were projected at 156.92 million tonnes, up 3.2 million tonnes from November and up 18.95 million tonnes, or 14%, from 137.97 million tonnes in 2012-13.
World corn ending stocks in 2013-14 were projected at 162.46 million tonnes, down 1.87 million tonnes, or 1%, from 164.33 million tonnes in November and up 29.47 million tonnes, or 22%, from the 134.90 million tonnes in 2012-13.
World soybean ending stocks for 2013-14 were projected at 70.62 million tonnes, up 390,000 tonnes from November and up 10.44 million tonnes, or 17%, from 60.18 million tonnes in 2012-13.
Soybean production in 2013-14 was projected at a record 88 million tonnes in Brazil, unchanged from November and up 6 million tonnes from 2012-13.
Global rice carryover was projected at 104.27 million tonnes in 2013-14, down 2.25 million tonnes from November and down 2% from 106.55 million tonnes in 2012-13.