August 10, 2004

USDA 2004 US All-Wheat Production

The following are analysts' estimates in billions of bushels for 2004 U.S. wheat production based on conditions as of August 1. The U.S. Department of Agriculture is scheduled to release updated wheat production figures at 0730 CT (1230 GMT) Thursday. Parentheses denote the number of estimates in that average and range. 
 
                                       Average       Range         July        2003
                                                        USDA       Output
All Wheat (8)                    2.072      2.056-2.085      2.059      2.337
 
All Winter Wheat (8)          1.473      1.468-1.480      1.470      1.707
Other Spring Wheat (8)      0.511      0.498-0.520      0.501      0.533
Durum (8)                        0.088      0.086-0.090      0.089      0.097 
 
 
                                                All      All      Other
                                          Wheat    Winter   Spring    Durum
A.G. Edwards & Sons            2.085    1.475    0.520      0.090
Allendale                             2.075    1.468    0.518      0.089
Cargill Investor Services      2.077    1.476    0.512      0.089
Citigroup                            2.056    1.470    0.498      0.088
Fimat Futures                      2.061    1.470    0.505      0.086
North American Risk Mang.  2.075    1.468    0.520       0.087
Prudential Securities            2.070    1.480    0.504      0.086
RJ O'Brien                          2.077    1.476    0.510      0.090