Wheat, corn, soy stocks unchanged
March 09, 2007
by Ron Sterk
WASHINGTON — In its March World Agricultural Supply and Demand Estimates, the U.S. Department of Agriculture left unchanged from February its projections for 2006-07 wheat, corn and soybean carryover, supply and use. Projected all wheat carryover on June 1, 2007, was unchanged at 472 million bus. Also unchanged were total supply at 2,498 million bus, domestic use at 1,151 million and exports at 875 million. Wheat by class carryover was unchanged, with hard winter at 167 million bus, hard spring at 134 million, soft red at 100 million, white at 46 million and durum at 26 million. Corn carryover on Sept. 1, 2007, was unchanged at 752 million bus. Total 2006-07 supply was unchanged at 12,512 million bus, domestic use at 9,510 million and exports at 2,250 million. Projected soybean carryover on Sept. 1, 2007, was unchanged at a record 595 million bus. Supply was projected at 3,642 million bus, crush at 1,780 million and exports at 1,100 million.