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.
Date run: 12/19/2014