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August 2001 Edition
Smaller Crops and Expanding Use Are Reducing Global Wheat Stocks, But Prices Remain Sluggish
Today's prices are not as high as they historically would have been given the current low global stocks to use ratio. In recent years, the focus has shifted from a global perspective to supplies in major exporting countries. However, this year's price increases have been restrained despite falling supplies among major exporting countries. Non-traditional suppliers in Eastern Europe and the former Soviet Union will export several million tons in the next few months due to good harvests, limited storage capabilities, and the desire for hard currency. Also, India is expected to continue working off burdensome stocks. In coming months, importers are expected to continue buying hand to mouth unless further deterioration in crop prospects for the major exporters causes a sense of urgency.
Complete Grain Report in PDF: Text and Tables
All Grain Summary Tables: Foreign Countries and US Data
Situation and Outlook: Commentary and Current Data
General Footnotes for Grain Tables
Grain and Feed
Contact List
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