Milling & Baking News - April 6, 2004 - 10

D A T A

U.S. March 1 wheat inventory up
12% from a year ago

wheat stocks on March 1.
In the Central states of Ohio, Illinois,
Missouri, Michigan and Indiana, the primary region for growing soft red winter
WASHINGTON - Stocks of wheat in all counted for 25% of all wheat stocks on wheat, wheat stocks on March 1 were espositions in the United States at the end of March 1, 2004, compared with 26% the timated at 105,510,000 bus, up 21,276,000
the third quarter of the 2003-04 crop year year before.
bus, or 25%, from 84,234,000 bus a year
increased 12% from a year earlier, accordStocks of wheat held in commercial ago. The Central states held 10% of the
ing to estimates released March 31 by the channels on March 1 were estimated at nation's March 1 inventory, compared
National Agricultural Statistics Service of 761,141,000 bus, up 90,808,000 bus, or with 9% last year.
the U.S. Department of Agriculture. At 14%, from 670,333,000 bus a year ago.
Only in the Pacific Northwest did
1,019,031,000 bus, March 1 wheat stocks
Durum stocks on March 1 were estimat- March 1 wheat stocks decrease from
increased 112,398,000 bus from a year ed at 44,047,000 bus, down 12,802,000 bus, the year before. The combined invenago. The year's total ended a four-year or 23%, from 56,849,000 bus a year earlier. tory of Idaho, Washington and Oregon
slide in March 1 wheat stocks. But the Farm stocks of durum totaled 24,800,000 was estimated at 164,209,000 bus, down
March 1 inventory still fell well short of bus, down 6,900,000 bus, or 22%, from 14,753,000 bus, or 8%, from 178,962,000
the recent five-year (1999-2003)
bus a year earlier. The Pacific
average of 1,264,346,000 bus.
Northwest held 16% of the March
March 1 stocks of grain
The March 1, 2003, wheat in1 U.S. wheat inventory, compared
2004
2003
2002
ventory, at 906,633,000 bus, had
with 20% last year.
(1,000 bus)
been the smallest holdings for the
In the Southwest, wheat disapAll wheat
1,019,031
906,633
1,209,768
date since 1997. The record-large
pearance in December-February,
Durum
44,047
56,849
51,890
March 1 wheat inventory was
at 192,622,000 bus, increased 38%
Corn
5,270,641
5,131,873
5,795,263
2,250,430,000 bus in 1987.
from the year before. In the CenSoybeans
905,523
1,202,028
1,335,987
December-February disappeartral states, wheat disappearance
ance of wheat was estimated at
in the third quarter of 2003-04
501,253,000 bus, up 88,017,000 bus, or 21%, 31,700,000 bus in 2003. On-farm stocks ac- was estimated at 44,222,000 bus, up 7%
from 413,236,000 bus in the third quarter of counted for 56% of the durum inventory, from the same quarter of the preceding
2002-03. Year-to-date usage was estimated the same as last year.
year. In the Upper Midwest, third-quarter
at 1,808,911,000 bus, up 319,431,000 bus, or
On a regional basis, the largest March disappearance, estimated at 128,052,000
21%, from 1,489,480,000 bus in June-Febru- 1 wheat holdings were in the four spring bus, was up 48% from a year ago. And in
ary 2002-03.
wheat states of the Upper Midwest the Pacific Northwest, disappearance was
For all of 2003-04, the U.S.D.A. fore- - North Dakota, South Dakota, Min- estimated at 31,258,000 bus, up 72% from
cast total wheat disappearance at 2,359 nesota and Montana. At 375,386,000 December-February 2002-03.
million bus, up 377 million bus, or 19%, bus, the region's inventory accounted
Durum disappearance in Decemberfrom 1,982 million bus in 2003-04. Food for 37% of all U.S. wheat stocks. March 1 February was estimated at 22,922,000
use of wheat was projected to decrease supplies in the Upper Midwest were up bus, up 15% from a year earlier. Disap18 million bus from 2002-03, to 900 mil- 50,991,000 bus, or 16%, from 324,395,000 pearance in the first three quarters of
lion, while seed use of wheat was pro- bus available at the same time last year.
2003-04 was estimated at 80,698,000 bus,
jected unchanged at 84 million bus. But
Farm stocks of wheat in the Upper up 45% from June-February of the crop
feed and residual use of wheat was pro- Midwest totaled 199,000,000 bus, or 53% year before.
jected at 225 million bus, up 99 million of the region's total and 77% of all farm
Year-to-date disappearance in the
from the preceding year. And exports stocks of wheat in the nation.
Southwest rose 30% from June-February
were forecast at 1,150 million bus, up 296
Wheat stocks in the five hard winter 2002-03; Upper Midwest, up 32%; Cenmillion bus from the 31-year low of 854 wheat states of the Southwest - Kansas, tral states, up 21%, and Pacific Northmillion bus in 2002-03.
Oklahoma, Nebraska, Texas and Colo- west, up 28%.
Farm stocks of wheat on March 1 rado - were estimated at 350,107,000
Corn stocks on March 1 were estimated
were estimated at 257,890,000 bus, up bus, up 53,253,000 bus, or 18%, from at 5,270,641,000 bus, up 138,768,000 bus, or
21,590,000 bus, or 9%, from 236,300,000 296,854,000 bus on March 1, 2003. The 3%, from 5,131,873,000 bus a year earlier.
bus on March 1, 2003. Farm stocks ac- region accounted for 34% of all U.S. Farm storage of corn totaled 3,030,000,000
bus compared with 2,940,000,000 bus the
previous year. Corn usage in the second
quarter of the crop year was 2,683,134,000
bus, up 177,036,000 bus, or 7%, from
2,506,098,000 bus in December-February
PIERRE, S.D. - The Wheat Quality Coun"These tours are a tremendous learn2002-03.
cil will sponsor two crop survey tours this ing experience for any new people in the
March 1 stocks of soybeans
year for individuals interested in viewing industry," the W.Q.C. said. "They are also a
were estimated at 905,523,000 bus,
current crop prospects for hard winter and great mentoring opportunity since each car
down 296,505,000 bus, or 25%, from
hard spring and durum.
on the tour has a tour veteran that can help
1,202,028,000 bus in 2003. Soybeans held
The hard winter wheat tour, April 26-29, teach any tour newcomers."
on farms were estimated at 355,900,000
will begin in Manhattan, Kas., and will end
More information on the crop tours
bus, down 280,600,000 bus, or 44%,
in Kansas City.
is available from Ben Handcock, (605)
from 636,500,000 bus the previous year.
The hard spring and durum wheat 224-5187; fax: (605) 224-0517; e-mail:
Disappearance of soybeans in Decemtour, July 26-July 29, will begin and end in bhwqc@aol.com; or the Council's web site
ber-February was 783,130,000 bus, down
Fargo, N.D.
at www.wheatqualitycouncil.org. MBN
128,215,000 bus, or 14%, from 911,345,000
bus in the year-ago quarter. MBN

Wheat Quality Council sets hard winter and
hard spring and durum survey tour dates

10 / Milling & Baking News, April 6, 2004

bakingbusiness.com / world-grain.com

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Milling & Baking News - April 6, 2004

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