The USDA will not be releasing its scheduled the October 11th Crop Production and World Agricultural Supply-Demand Estimates (WASDE). The following slides represent our best estimates of what the USDA October 11th Wheat supply-demand balance sheets and price forecasts may have looked like, along with probability-weighted price forecast scenarios by Kansas State University Extension.
These projections represent several factors:
1) Results from the USDA Grain Stocks and Small Grains Annual Summary reports released on September 30th.
2) Remaining uncertainty regarding U.S. exports and feed use
3) The historic relationships between U.S. wheat ending stocks-to-use and U.S. average prices
The full presentation will be available on the KSU AgManager website (www.AgManager.info) at the following web location: http://www.agmanager.info/events/ag_lenders/2013/Papers.asp
A. U.S. Wheat Outlook