WASHINGTON, D.C., U.S. — The U.S. Department of Agriculture (USDA) in its Sept. 11 World Agricultural Supply and Demand Estimates projected carryover of wheat in the U.S. on June 1, 2015, at 698 million bushels, up 35 million bushels, or 5%, from 663 million bushels projected in August, and up 108 million bushels, or 18%, from 590 million bushels on June 1, 2014.

USDA 2015 wheat carryover number was above the average trade expectation of 664 million bushels.
Total wheat production in 2014 was estimated at 2.03 billion bushels, unchanged from August and down from 2.13 billion bushels in 2013. Wheat imports in 2014-15 were projected at 170 million bushels, compared with 160 million bushels in August and 169 million bushels last year.

Total wheat supply was projected at 2.789 billion bushels, up 10 million bushels from August but down 227 million bushels, or 8%, from 3.016 billion bushels last year.
Total wheat use in 2014-15 was projected at 2.091 billion bushels, down 25 million bushels from August and compared with 2.426 billion bushels in 2013-14. Feed and residual use was projected at 155 million bushels, unchanged from August and down 67 million bushels from 2013-14.

Wheat exports were projected at 900 million bushels, down 25 million bushels from 925 million bushels in August and down 276 million bushels, or 23%, from 1.176 billion bushels in 2013-14.

Hard red winter wheat carryover on June 1, 2015, was projected at 201 million bushels, up 15 million bushels from August but down 34 million bushels from 235 million bushels in 2014. Soft red winter carryover was projected at 191 million bushels, down 5 million bushels from August but up 77 million bushels from 114 million bushels this year. Hard red spring wheat carryover was projected at 230 million bushels, up 20 million bushels from August and up 61 million bushels from 169 million bushels in 2014.

Durum carryover was forecast at 24 million bushels, unchanged from August but up 2 million bushels from 2014. White wheat carryover was projected at 52 million bushels, up 5 million bushels from August and up 2 million bushels from 2014.

U.S. corn carryover on Sept. 1, 2015, was projected at 2.002 billion bushels, up 194 million bushels, or 11%, from August and up 821 million bushels, or 70%, from 1.181 billion bushels estimated on Sept. 1, 2014. The USDA 2015 projection was slightly below the trade average forecast of 2.004 billion bushels.
U.S. soybean carryover on Sept. 1, 2015, was projected at 475 million bushels, up 45 million bushels, or 10%, from 430 million bushels projected in August and up 345 million bushels, or 265%, from 130 million bushels estimated on Sept. 1, 2014. The USDA 2015 projection was above the trade average forecast near 452 million bushels.

The USDA projected 2014-15 global ending stocks of wheat at 196.38 million tonnes, compared with 192.96 million tonnes projected in August and 186.45 million tonnes estimated for 2013-14.
World wheat production for 2014-15 was projected at a record 719.95 million tonnes, compared with 716.09 million tonnes in August and 714.05 million tonnes in 2013-14, consumption at 710.01 million tonnes, compared with 706.79 million tonnes in August and 703.20 million tonnes the prior year, and exports at 154.83 million tonnes, compared with 151.80 million tonnes in August and 166.31 million tonnes last year.

World corn ending stocks were projected at 189.91 million tonnes for 2014-15 compared with 187.82 million tonnes projected in August and 173.08 million tonnes in 2013-14.

World soybean ending stocks for 2014-15 were projected at 90.17 million tonnes compared with 85.62 million tonnes in August and 66.91 million tonnes in 2013-14.