date:Jan 03, 2014
e 2014-15 marketing year, resulting in further price declines. An average farm price near $12.75 is expected for the 2013-14 marketing year and in the $11 to $12 range for the 2014-15 marketing year.
US wheat production declined in 2013, but production increased sharply in the rest of the world. Still, export demand for US wheat remained strong, led by Chinese demand for SRW. High corn prices also increased the level of domestic wheat feeding in the summer of 2013. Stocks at the end of the 2013