U.S. Wheat Stocks Drop 12%
WASHINGTON - Jan 10/14 - SNS -- All wheat stored in all positions on December 1, 2013 totaled 1.46 billion bushels, down 12% from a year ago, according to the USDA's latest stocks in all positions report.
On-farm stocks are estimated at 399 million bushels, down slightly from last December. Off-farm stocks, at 1.06 billion bushels, are down 16% from a year ago.
The September - November 2013 indicated disappearance is 407 million bushels, down 6% from the same period a year earlier.
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