AgResource December 1 Wheat Stocks Forecast
AgResource estimates Dec 1 US wheat stocks at 1,646 Mil Bu, down 155 Mil Bu from last year, the lowest since 2014. Total Sep-Nov disappearance of 498 Mil is down 30 Mil from last year amid weaker projected feed use and unchanged exports. Yet, the attached table shows that US wheat inventories continue to erode…