July 5, 2004
Sparks Cos Said To Peg 2004 US Wheat Crop At 2.058 Billion Bu
Private analyst Sparks Cos. was said to have pegged 2004 U.S. wheat crop at 2.058 billion bushels, which is down from the 2003 crop of 2.337 billion.
The firm was said to have estimated the overall winter wheat crop at 1.493 billion bushels, with hard red winter at 853 million, soft red winter with 396 million and white winter wheat at 244 million, wheat sources said.
Currently the U.S. Department of Agriculture estimates the overall winter wheat crop at 1.531 billion bushels, with HRW at 887 million, SRW with 397 million and white winter at 247 million.
In 2003, the U.S. produced a winter wheat crop of 1.7 billion bushels, with HRW wheat at 1.063 billion, SRW wheat with 379 million and white winter wheat at 265 million.
Sparks Cos. was also said to have issued spring wheat figures. The firm was said to have projected other spring wheat output at 486 million and durum at 80 million.
The USDA is scheduled to issue updated winter wheat production estimates and the first 2004 spring wheat output forecasts July 12.