Wheat, soy stocks down, corn up

by Ron Sterk
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WASHINGTON — In its August World Agricultural Supply and Demand Estimates, the U.S. Department of Agriculture projected 2007-08 wheat ending stocks at 404 million bus, down 14 million bus from July and down 52 million from a year earlier (click here to read report). Total supply for 2007-08 was forecast at 2,670 million bus, down 24 million from July, domestic use at 1,191 million, down 35 million, and exports at 1,075 million, up 25 million. Soybean ending stocks for 2007-08 were projected at 220 million bus, down 25 million from July and down 355 million from 2006-07. Total supply was projected at 3,205 million bus, down 24 million from July, and total use at 2,985 million, unchanged from July. Corn ending stocks for 2007-08 were projected at 1,516 million bus, up 14 million from July and up 379 million from 2006-07. Total supply was projected at 14,206 million bus, up 214 million from July, exports at 2,150 million, up 150 million, and total use at 12,690 million, up 200 million.

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