Wheat: Situation and Outlook Yearbook, March 1997

摘要

U.S. wheat prices are likely to move lower in 1997/98, despite expectations thatthe wheat crop will be little changed from this year. Increased carrying stocks will lead to a small rise in 1997/98 supplies, but little year to year growth in use is expected. Thus ending stocks are likely to continue to accumulate and prices fall. Increased carryin stocks in other exporting countries and only modest growth in global import demand will pull world wheat prices lower, pressure U.S. prices down.