Market Overview

Wheat Estimates For Wednesday's USDA Report


The USDA Monthly Crop production report is due out 12:00 p.m. ET on June 10. Here are the street estimates for Wheat.

U.S. ending stocks for 2014/2015 are expected to show 712 million bushels, up from 709 million in May. The Street is expecting 2015/2016 ending wheat stocks for the USDA report to be near 797 million bushels vs. 793 million in May. All winter wheat production for 2015/16 is estimated at 1.474 billion bushels vs. 1.378 billion in May. The Street is estimating the USDA report will show Kansas City wheat production of near 855 million bushels vs. 738 million in May. Chicago Wheat production estimates are near 414 million bushels vs. 455 million in May.

Posted-In: WheatFutures Commodities Previews Markets


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