Wheat Inventory Down 18%
WASHINGTON - Jun 30/14 - SNS -- Old crop all wheat stored in all positions on June 1, 2014 totaled 590 million bushels, down 18% from a year ago, 2013, according to the USDA's latest stocks in all positions report.
On-farm stocks are estimated at 97.0 million bushels, down 19% from last year. Off-farm stocks, at 493 million bushels, are down 18% from a year ago.
The March - May 2014 indicated disappearance is 467 million bushels, down 10% from the same period a year earlier.
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