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Global wheat supplies raised 1.2 million tons

Staff writer ▼ | January 18, 2016
The World Agricultural Supply and Demand Estimate (WASDE) by the USDA week shows that global wheat supplies for 2015/2016 are raised 1.2 million tons on both increased beginning stocks and production.
USDA   The World Agricultural Supply and Demand Estimate
World wheat production remains at a record high and is raised 0.5 million tons led by 0.5-million-ton increases for both Russia and Pakistan and a 0.3-million-ton increase for the EU.

Partly offsetting is a 0.7-million-ton reduction for Uruguay and a 0.4-million-ton reduction for Brazil; both reductions are on updated government statistics and reflect crop damage from excessive rain.

World wheat trade for 2015/16 is down fractionally with several, mostly offsetting, changes. Global use is reduced, mostly in the United States. With supplies increasing and use reduced, ending stocks are raised 2.2 million tons to a record 232 million tons.

This total is 9 percent larger than the previous stocks record set last year.