| | Table 17--Wheat: Government and private stocks (million bushels) | | | | | | | | | | Mkt year and qtr 1/ | Beginning stocks | Total CCC inventory 2/ | Outstanding CCC loans 3/ | Unencumbered stocks 4/ | | 1975/76 | Q1 Jun-Aug | 435.0 | .9 | 13.6 | 420.5 | | Q2 Sep-Nov | 2,100.7 | .3 | 19.9 | 2,080.5 | | Q3 Dec-Feb | 1,548.3 | .2 | 31.5 | 1,516.6 | | Q4 Mar-May | 1,085.5 | .0 | -- | -- | | 1976/77 | Q1 Jun-Aug | 665.6 | .2 | 21.4 | 644.0 | | Q2 Sep-Nov | 2,385.2 | .0 | 32.9 | 2,352.3 | | Q3 Dec-Feb | 1,894.2 | .0 | 151.4 | 1,742.8 | | Q4 Mar-May | 1,524.9 | .2 | 285.5 | 1,239.2 | | 1977/78 | Q1 Jun-Aug | 1,113.2 | .1 | 378.2 | 734.9 | | Q2 Sep-Nov | 2,631.7 | 7.8 | 715.4 | 1,908.5 | | Q3 Dec-Feb | 2,139.4 | 29.0 | 724.0 | 1,386.4 | | Q4 Mar-May | 1,706.6 | 39.1 | 590.9 | 1,076.6 | | 1978/79 | Q1 Jun-Aug | 1,177.8 | 48.3 | 266.3 | 863.2 | | Q2 Sep-Nov | 2,360.1 | 49.4 | 184.0 | 2,126.7 | | Q3 Dec-Feb | 1,775.6 | 50.0 | 188.9 | 1,536.7 | | Q4 Mar-May | 1,368.1 | 50.3 | 170.6 | 1,147.2 | | 1979/80 | Q1 Jun-Aug | 924.1 | 51.1 | 121.7 | 751.3 | | Q2 Sep-Nov | 2,495.0 | 49.9 | 94.3 | 2,350.8 | | Q3 Dec-Feb | 1,876.0 | 49.9 | 141.4 | 1,684.7 | | Q4 Mar-May | 1,392.5 | 49.5 | 133.1 | 1,209.9 | | 1980/81 | Q1 Jun-Aug | 902.0 | 187.8 | 99.3 | 614.9 | | Q2 Sep-Nov | 2,714.0 | 202.1 | 96.7 | 2,415.2 | | Q3 Dec-Feb | 2,092.3 | 202.9 | 128.2 | 1,761.2 | | Q4 Mar-May | 1,522.8 | 203.2 | 114.3 | 1,205.3 | | 1981/82 | Q1 Jun-Aug | 989.1 | 199.7 | 54.6 | 734.8 | | Q2 Sep-Nov | 3,056.0 | 195.4 | 147.0 | 2,713.6 | | Q3 Dec-Feb | 2,338.4 | 190.6 | 195.4 | 1,952.4 | | Q4 Mar-May | 1,777.6 | 190.2 | 182.2 | 1,405.2 | | 1982/83 | Q1 Jun-Aug | 1,159.4 | 190.3 | 112.0 | 857.1 | | Q2 Sep-Nov | 3,229.3 | 193.3 | 77.5 | 2,958.5 | | Q3 Dec-Feb | 2,642.8 | 189.7 | 105.6 | 2,347.5 | | Q4 Mar-May | 2,072.0 | 184.6 | 92.5 | 1,794.9 | | 1983/84 | Q1 Jun-Aug | 1,515.1 | 192.0 | 65.2 | 1,257.9 | | Q2 Sep-Nov | 3,233.1 | 365.0 | 294.1 | 2,574.0 | | Q3 Dec-Feb | 2,535.7 | 375.8 | 396.0 | 1,763.9 | | Q4 Mar-May | 1,951.5 | 313.8 | 443.9 | 1,193.8 | | 1984/85 | Q1 Jun-Aug | 1,398.6 | 188.0 | 379.1 | 831.5 | | Q2 Sep-Nov | 3,160.1 | 278.1 | 254.9 | 2,627.1 | | Q3 Dec-Feb | 2,338.5 | 359.4 | 247.2 | 1,731.9 | | Q4 Mar-May | 1,800.8 | 375.7 | 218.4 | 1,206.7 | | 1985/86 | Q1 Jun-Aug | 1,425.2 | 377.6 | 175.0 | 872.6 | | Q2 Sep-Nov | 3,203.5 | 406.7 | 493.7 | 2,303.1 | | Q3 Dec-Feb | 2,643.4 | 517.1 | 734.9 | 1,391.4 | | Q4 Mar-May | 2,255.8 | 526.3 | 770.8 | 958.7 | | 1986/87 | Q1 Jun-Aug | 1,905.0 | 601.7 | 677.7 | 625.6 | | Q2 Sep-Nov | 3,156.5 | 793.8 | 455.8 | 1,906.9 | | Q3 Dec-Feb | 2,673.5 | 863.9 | 527.6 | 1,282.0 | | Q4 Mar-May | 2,250.4 | 905.3 | 419.8 | 925.3 | | 1987/88 | Q1 Jun-Aug | 1,820.9 | 830.1 | 235.6 | 755.2 | | Q2 Sep-Nov | 2,976.5 | 798.8 | 245.1 | 1,932.6 | | Q3 Dec-Feb | 2,500.6 | 755.4 | 383.1 | 1,362.1 | | Q4 Mar-May | 1,923.5 | 450.1 | 293.8 | 1,179.6 | | 1988/89 | Q1 Jun-Aug | 1,260.8 | 283.0 | 177.5 | 800.3 | | Q2 Sep-Nov | 2,253.6 | 250.0 | 108.1 | 1,895.5 | | Q3 Dec-Feb | 1,715.9 | 213.0 | 93.1 | 1,409.8 | | Q4 Mar-May | 1,227.7 | 203.2 | 46.9 | 977.6 | | 1989/90 | Q1 Jun-Aug | 701.6 | 190.5 | 19.2 | 491.9 | | Q2 Sep-Nov | 1,918.0 | 167.9 | 48.2 | 1,701.9 | | Q3 Dec-Feb | 1,422.5 | 154.5 | 80.4 | 1,187.6 | | Q4 Mar-May | 943.1 | 136.5 | 65.4 | 741.2 | | 1990/91 | Q1 Jun-Aug | 536.5 | 116.6 | 30.0 | 389.9 | | Q2 Sep-Nov | 2,411.1 | 104.6 | 120.3 | 2,186.2 | | Q3 Dec-Feb | 1,909.9 | 129.9 | 260.9 | 1,519.1 | | Q4 Mar-May | 1,397.7 | 152.5 | 328.6 | 916.6 | | 1991/92 | Q1 Jun-Aug | 868.1 | 162.7 | 216.8 | 488.6 | | Q2 Sep-Nov | 2,054.7 | 162.8 | 149.1 | 1,742.8 | | Q3 Dec-Feb | 1,447.8 | 160.7 | 105.3 | 1,181.8 | | Q4 Mar-May | 892.0 | 156.9 | 47.3 | 687.8 | | 1992/93 | Q1 Jun-Aug | 475.0 | 152.0 | 19.8 | 303.2 | | Q2 Sep-Nov | 2,120.6 | 151.6 | 76.8 | 1,892.2 | | Q3 Dec-Feb | 1,591.7 | 151.1 | 181.2 | 1,259.4 | | Q4 Mar-May | 1,048.3 | 150.4 | 120.4 | 777.5 | | 1993/94 | Q1 Jun-Aug | 530.7 | 150.0 | 47.3 | 333.4 | | Q2 Sep-Nov | 2,132.6 | 149.9 | 103.3 | 1,879.4 | | Q3 Dec-Feb | 1,585.7 | 150.3 | 192.5 | 1,242.9 | | Q4 Mar-May | 1,028.0 | 150.4 | 120.9 | 756.7 | | 1994/95 | Q1 Jun-Aug | 568.5 | 150.3 | 67.2 | 351.0 | | Q2 Sep-Nov | 2,069.5 | 146.4 | 147.8 | 1,775.3 | | Q3 Dec-Feb | 1,491.1 | 142.8 | 155.3 | 1,193.0 | | Q4 Mar-May | 969.2 | 142.3 | 110.7 | 716.2 | | 1995/96 | Q1 Jun-Aug | 506.6 | 142.1 | 63.7 | 300.8 | | Q2 Sep-Nov | 1,881.1 | 141.5 | 56.7 | 1,682.9 | | Q3 Dec-Feb | 1,338.3 | 141.2 | 86.4 | 1,110.7 | | Q4 Mar-May | 823.5 | 137.5 | 42.6 | 643.4 | | 1996/97 | Q1 Jun-Aug | 376.0 | 118.2 | 13.0 | 244.8 | | Q2 Sep-Nov | 1,724.2 | 109.5 | 42.0 | 1,572.7 | | Q3 Dec-Feb | 1,218.8 | 96.1 | 131.2 | 991.5 | | Q4 Mar-May | 821.8 | 95.3 | 130.3 | 596.2 | | 1997/98 | Q1 Jun-Aug | 443.6 | 93.0 | 72.2 | 278.4 | | Q2 Sep-Nov | 2,076.3 | 93.2 | 101.0 | 1,882.1 | | Q3 Dec-Feb | 1,619.2 | 93.1 | 169.1 | 1,357.0 | | Q4 Mar-May | 1,166.6 | 93.0 | 191.3 | 882.3 | | 1998/99 | Q1 Jun-Aug | 722.5 | 94.2 | 133.9 | 494.4 | | Q2 Sep-Nov | 2,385.3 | 99.8 | 236.4 | 2,049.1 | | Q3 Dec-Feb | 1,895.7 | 126.6 | 246.1 | 1,523.0 | | Q4 Mar-May | 1,450.4 | 124.2 | 242.2 | 1,084.0 | | 1999/00 | Q1 Jun-Aug | 945.9 | 127.9 | 140.0 | 678.0 | | Q2 Sep-Nov | 2,445.0 | 132.2 | 101.4 | 2,211.4 | | Q3 Dec-Feb | 1,883.7 | 115.0 | 117.4 | 1,651.3 | | Q4 Mar-May | 1,416.5 | 108.7 | 105.0 | 1,202.8 | | 2000/01 | Q1 Jun-Aug | 949.7 | 103.9 | 62.0 | 783.8 | | Q2 Sep-Nov | 2,352.7 | 108.9 | 117.6 | 2,126.2 | | Q3 Dec-Feb | 1,806.1 | 102.9 | 97.4 | 1,605.8 | | Q4 Mar-May | 1,338.4 | 104.4 | 77.9 | 1,156.1 | | 2001/02 | Q1 Jun-Aug | 876.2 | 96.9 | 42.2 | 737.1 | | Q2 Sep-Nov | 2,155.8 | 97.7 | 109.8 | 1,948.3 | | Q3 Dec-Feb | 1,623.5 | 96.9 | 128.6 | 1,398.0 | | Q4 Mar-May | 1,209.8 | 96.5 | 125.3 | 988.0 | | 2002/03 | Q1 Jun-Aug | 777.1 | 99.0 | 77.5 | 600.6 | | Q2 Sep-Nov | 1,749.0 | 91.4 | 59.7 | 1,597.9 | | Q3 Dec-Feb | 1,319.9 | 80.9 | 62.7 | 1,176.3 | | Q4 Mar-May | 906.6 | 74.1 | 64.5 | 768.0 | | 2003/04 | Q1 Jun-Aug | 491.4 | 66.4 | 55.2 | 369.8 | | Q2 Sep-Nov | 2,039.0 | 60.3 | 110.2 | 1,868.5 | | Q3 Dec-Feb | 1,520.3 | 60.4 | 125.1 | 1,334.8 | | Q4 Mar-May | 1,020.6 | 60.0 | 89.4 | 871.2 | | 2004/05 | Q1 Jun-Aug | 546.4 | 60.9 | 36.6 | 448.9 | | Q2 Sep-Nov | 1,938.4 | 61.9 | 85.9 | 1,790.6 | | Q3 Dec-Feb | 1,430.3 | 61.7 | 117.9 | 1,250.7 | | Q4 Mar-May | 984.4 | 55.9 | 99.8 | 828.7 | | 2005/06 | Q1 Jun-Aug | 540.1 | 54.5 | 58.2 | 427.4 | | Q2 Sep-Nov | 1,923.3 | 48.3 | 90.4 | 1,784.6 | | Q3 Dec-Feb | 1,429.4 | 44.1 | 120.0 | 1,265.3 |
| | 1/ June-May. Latest data may be preliminary or projected.
2/ Stocks owned by USDA's Commodity Credit Corporation (CCC). Most CCC-owned inventory is in the Bill Emerson Humanitarian Trust.
3/ Stocks under 9-month nonrecourse loans.
4/ Total stocks minus CCC-owned inventory and outstanding CCC loans.
Source: USDA, Farm Service Agency, CCC Inventory; and USDA, World Agricultural Outlook Board, World Agricultural Supply and Demand Estimates. |
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