USA: 2010/11 all wheat production significantly revised up to 2,216 mln bu

The USDA now projects 2010/10 US all wheat production significantly higher at 2,216 (previous forecast 2,067; previous year 2,216) mln t. Domestic use is revised down to 1,196 (1,216; 1,173) mln bu, thereof feed use and residual use to 180 (200; 180) mln bu while food use is seen at an unchanged 940 (previous year 920) mln bu. Exports are expected at 1,000 (900; 885) mln bu and ending stocks are revised up to 1,093 (previous forecast 991; previous year 930) mln bu.
(USDA, July 9, 2010)