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/ |
| 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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