Coupled with smaller beginning stocks, the total supply would be about 6 percent below the current marketing year that ends on May 31.
Total use is forecast down slightly because of reduced exports and smaller feed and residual use.
However, the smaller use will still exceed production, and ending stocks will decline. U.S. wheat exports are forecast to increase slightly because of reduced competition from the European Union, Kazakstan, Australia, Eastern Europe, Turkey, and others. Some increased competition is expected from Argentina, India, and Pakistan. The top markets for U.S. wheat exports, including Egypt, Japan, Mexico, and the Philippines, are expected to be little changed. Printed copies of the Wheat Yearbook will be available in several weeks for printed copies.