date:Jul 12, 2013
The U.S. Department of Agriculture in its July 11 World Agricultural Supply and Demand Estimates projected the carryover of U.S. wheat on June 1, 2014, at 576 million bus, down 83 million bus, or 13%, from 659 million bus as the June projection and down 142 million bus, or 20%, from 718 million bus on June 1, 2013.
The U.S.D.A. 2014 wheat carryover projection was below the average trade expectation of 624 million bus. Wheat futures prices traded higher after the 11:00 a.m. Central Time release