date:Aug 15, 2012
million bus from 2,231 million bus last year.
The average farm price of U.S. wheat in 2012-13 was projected to range from $7.60@9 a bu, up from $6.20@7.40 in July and compared with $7.24 in 2011-12.
Tighter foreign wheat supplies and sharply higher corn prices raise price prospects for the remainder of the marketing year, the U.S.D.A. said.
On a by-class basis, the U.S.D.A. projected June 1, 2013, carryover of hard winter wheat at 248 million bus, down 18 million bus, or 7%, from 266 million bu