Wheat stocks to use ratio
On a world basis a stocks/use ratio for wheat under 20% has typically led to strong price advances. For corn, the comparable number appears to be under 12% . For soybeans, the critical level is below 10%. Because China’s endings stocks are masking the declining global wheat supply, the traditional stocks-to-use ratio is 35 percent. However, when Chinese stocks and use are removed from the ratio, the 2018/19 global stocks-to-use ratio falls sharply to 20 percent, the tightest stocks-to-use ratio since 2007/08. The world stocks-to-use ratio (not including China) for the 2018/19 season is projected at 20.0%, which is the lowest level since the 17.5% ratio in the 2007/08 marketing year, the season wheat Wheat Letter: Wheat Letter Tag: stocks to use ratio. May 14, 2019. First Look at 2019/20 by USDA Sees Another Record World Wheat Crop. USDA predicted global wheat MORE DETAILS. December 12, 2018. Global Production Continues to Decrease Due to Weather Problems in Australia and Russia.
U.S. Grain Sorghum Ending Stocks (as % of Total Usage), March 10, 2020. U.S. Grain U.S. Grain Sorghum Feed Use versus Price, March 10, 2020. U.S. Grain
13 May 2019 “As a result, the world wheat stock to use ratio is forecast at 38.8%, a multi- decade high whilst for the top eight exporters, and the stock to use 22 Oct 2018 The global stocks-to-use ratio for wheat is still quite high at 35%. NOTE: The risk of loss in trading futures and/or options is substantial, and 30 Jun 2019 The stock-to-use ratio is a good indicator of which direction price is going to take. This ratio shows the level of carry-over stock of a commodity, 23 Sep 2019 With the latest 2019 production and final 2018-19 ending stocks At the currently estimated ending stocks level, the 2019-20 canola stocks to use ratio is this month, Ag Canada is projecting 2019-20 all wheat ending stocks wheat, and corn futures prices reacted to "Export. Sales" reports between This ending stocks-to-use ratio is calc using the most recent World. Supply and. De. 18 Feb 2018 the last five years as world prices for corn, soybeans, and wheat For wheat, one of the bright spots is that the U.S. stocks to use ratio has targets, physical grain stocks (“humanitarian food reserves”) have resurfaced in these discussions. And more World wheat stock-to-use ratios. (Source: USDA
Global wheat production is at a record 28.1 billion bushels. World ending stocks are at a record level of 10.6 billion bushels. Wheat’s global stocks-to-use ratio is at 38.2%, another record level.
28 Apr 2017 model can explain most of the observed variations in wheat prices over the last 40 yr (the 'target' consumer-side stocks-to–use ratio) thus. 17 Jan 2013 Global Grain Stocks Drop Dangerously Low as 2012 Consumption Exceeded Such a low corn-stocks-to-use ratio—unseen before by farmers 22 Dec 2012 In part two of our series, Andrew Hepburn considers wheat stocks. called the stocks-to-use ratio, the level of stocks relative to demand. A high On a world basis a stocks/use ratio for wheat under 20% has typically led to strong price advances. For corn, the comparable number appears to be under 12% . For soybeans, the critical level is below 10%. Because China’s endings stocks are masking the declining global wheat supply, the traditional stocks-to-use ratio is 35 percent. However, when Chinese stocks and use are removed from the ratio, the 2018/19 global stocks-to-use ratio falls sharply to 20 percent, the tightest stocks-to-use ratio since 2007/08. The world stocks-to-use ratio (not including China) for the 2018/19 season is projected at 20.0%, which is the lowest level since the 17.5% ratio in the 2007/08 marketing year, the season wheat
12 Dec 2016 In comparison, the world stocks-to-use ratio of 16 percent for barley and 34 percent for wheat. “The U.S. is carrying the lion's share of stocks,”
U.S. Grain Sorghum Ending Stocks (as % of Total Usage), March 10, 2020. U.S. Grain U.S. Grain Sorghum Feed Use versus Price, March 10, 2020. U.S. Grain stocks and making grain markets vulnerable to disruption by otherwise minor shocks (Wright, 2011). Page 3. E. Bobenrieth et al./ Agricultural Economics 44 ( 2013)
11 Feb 2020 world ending stocks estimates were neutral for corn and wheat, but The corn stocks-to-use ratio for the 2019-20 crop year was 13.4%,
28 Apr 2017 model can explain most of the observed variations in wheat prices over the last 40 yr (the 'target' consumer-side stocks-to–use ratio) thus. 17 Jan 2013 Global Grain Stocks Drop Dangerously Low as 2012 Consumption Exceeded Such a low corn-stocks-to-use ratio—unseen before by farmers
FAO’s forecast for world cereal stocks by the close of the 2020 seasons has been raised this month by 2.4 million tonnes to nearly 866 million tonnes, keeping the global cereals stocks-to-use ratio at a comfortable level of 30.9 percent. At 277 million tonnes, 2019/20 global wheat inventories are raised by 2.6 million tonnes (1.0 percent) this month, reflecting an upward revision for the Islamic Republic of Iran corresponding to production estimate adjustments for recent years. This data product contains statistics on wheat - including the five classes of wheat: hard red winter, hard red spring, soft red winter, white, durum - and rye. Skip to navigation Skip to main content U.S. Supply and Demand (WASDE) Spreadsheets The World Agricultural Supply and Demand Estimates (WASDE) are released on about the 10th of each month by USDA. These spreadsheets provides historical data for corn, grain sorghum, wheat, and soybeans, from 1973 to present. WHEAT: The outlook for 2019/20 U.S. wheat is for stable supplies, increased exports, and decreased ending stocks. The only supply or use category that was changed this monthwas a 25 million bushel increase in exports reflecting growing competitiveness in international markets. Ending stocks are cut by a corresponding amount and are now forecast to total 940 The drop in monthly wheat’s stock-to-use ratio appears to be primarily driven by a decline in the global wheat inventory. The wheat inventory in August 2016 declined by 0.3% to ~252.3 million Food use 964 970 -- 6 Seed 63 69 -- 6 Feed and residual 50 110 -- 60 Domestic use 1,078 1,149 -- 71 Exports 901 1,000 -25 99 Total use 1,979 2,149 -25 170 Ending stocks 1,099 974 25 -125----- Percent -----Stocks to use ratio 55.5 45.3 1.7 -10.2 Average market price 4.72 5.05/5.25 0.05 0.43-- No change. World wheat ending stocks are projected to be a record 10.5 billion bushels with a stocks-to-use ratio of 36 percent. These figures imply that the world has 36 percent more wheat than is projected to be used. The five-year average stocks-to-use ratio is 32 percent.