January 13, 2005

U.S. Wheat Stocks Down 6%

All wheat stored in all positions on December 1, 2004 totaled 1.43 billion bushels, down 6% from a year ago, according to the USDA's latest stocks in all positions estimates.

On-farm stocks are estimated at 531 million bushels, up 8% from last December. Off-farm stocks, at 900 million bushels, are down 13% from a year ago.

The September - November 2004 indicated disappearance is 508 million bushels, down 2% from the same period a year earlier.