USDA Wheat Data

USDA's Monthly Supply-Demand report showed 2014/2015 U.S. Wheat harvested area at 46.4 million acres. Total wheat supply for 2014/2015 was moved a bit lower to 2.761 billion bushels from 2.776 on the previous report. Less imports caused the reduction; production was unrevised. Wheat exports have been moved down to 880 million bushels. Wheat trading is active and expected to continue in a choppy fashion. Wheat is trading is a little higher than when the report came out. May Wheat is trading at 522, down 4 3/4 cents. July Chicago wheat is trading at 519, down 4 3/4 cents. May Kansas City Wheat is trading sharply lower 552 3/4, down 8 3/4 cents.