WHEAT FUTURES

WORLD WHEAT SUPPLY & USE YEARLY (in million metric tons)
Crop Year	Begin Stocks	Prod	Total Supply	Total Usage	Ending Stocks
1989-90	133.1	533.2	666.3	531.0	135.2
1990-91	135.2	588.1	723.3	552.8	170.5
1991-92	170.5	542.9	713.4	551.5	161.7
1992-93	161.7	561.7	723.3	548.2	175.7
1993-94	175.7	558.1	733.8	553.4	181.5
1994-95	181.5	523.1	704.6	543.4	162.1
1995-96	162.1	538.0	700.1	544.9	155.3
1996-97	155.3	582.7	737.9	574.9	164.5
1997-98	164.5	610.1	774.5	579.4	196.1
1998-99	196.1	589.9	786.1	579.3	207.1
1999-00	207.1	585.3	792.4	584.7	207.9
2000-01	207.9	581.5	789.4	583.9	205.7
2001-02	205.7	581.9	787.6	586.5	201.1
2002-03	201.1	566.8	768.0	602.5	165.4
2003-04	165.4	552.7	718.1	590.8	127.3

WORLD WHEAT SUPPLY & USE MONTHLY 2003-2004 CROP YEAR (in million metric tons)
Date	Begin Stocks	Prod	Total Supply	Total Usage	Ending Stocks
05/12/03	156.4	569.5	725.9	591.4	134.5
06/11/03	165.1	561.5	726.5	589.9	136.6
07/11/03	164.1	560.3	724.4	584.1	140.3
08/12/03	164.1	549.4	713.5	582.9	130.6
09/11/03	164.2	547.0	711.2	582.2	129.0
10/10/03	165.0	549.5	714.5	584.4	130.2
11/12/03	163.7	548.3	712.0	585.7	126.3
12/11/03	165.6	550.5	716.1	588.1	127.9
01/12/04	165.4	552.7	718.1	590.8	127.3

US ALL WHEAT SUPPLY AND USE YEARLY (in million bushels)
Crop Year	Begin Stocks	Prod	Total Supply	Food	Seed	Feed	Exports	Total Use	Ending Stocks
1989-90	702	2037	2761	749	104	139	1232	2224	537
1990-91	537	2730	3303	790	93	482	1070	2435	868
1991-92	868	1980	2889	790	98	245	1282	2415	475
1992-93	475	2467	3012	835	99	194	1354	2482	531
1993-94	531	2396	3036	872	96	272	1228	2468	569
1994-95	569	2321	2981	853	89	345	1188	2475	507
1995-96	507	2183	2757	883	104	154	1241	2382	376
1996-97	376	2277	2746	891	102	308	1002	2303	444
1997-98	444	2482	3020	914	93	251	1040	2298	723
1998-99	723	2547	3373	909	81	391	1046	2427	946
1999-00	946	2299	3339	921	92	288	1089	2390	950
2000-01	950	2233	3272	950	80	304	1062	2396	876
2001-02	876	1957	2941	926	84	191	962	2163	777
2002-03	777	1619	2473	918	84	126	854	1982	491
2003-04	491	2337	2903	910	84	225	1125	2344	559

US ALL WHEAT SUPPLY & USE MONTHLY
2003/04 CROP YEAR
(in million bushels)

Date Begin
Stocks Prod Total
Supply Food Seed Feed Exports Total
Use Ending
Stocks

05/12/03 448 2113 2651 930 85 175 950 2140 511

06/11/03 468 2176 2744 930 85 175 950 2140 604

07/11/03 492 2311 2903 930 85 175 975 2165 738

08/12/03 492 2292 2874 920 85 175 1050 2230 644

09/11/03 492 2292 2864 910 85 175 1050 2220 644

10/10/03 491 2337 2903 910 85 225 1050 2270 633

11/12/03 491 2337 2903 910 85 225 1075 2295 608

12/11/03 491 2337 2903 910 85 225 1100 2320 583

01/12/04 491 2337 2903 910 84 225 1125 2344 559

US SRW SUPPLY & USE YEARLY (in million bushels)
Year	Begin Stocks	Prod	Total Supply	Use	Export	Total Use	Ending Stocks
1989-90	39	549	588	212	345	557	32
1990-91	32	544	575	265	230	495	80
1991-92	80	325	405	259	105	364	41
1992-93	41	427	468	215	210	425	43
1993-94	43	401	444	226	173	399	45
1994-95	45	438	484	235	212	447	37
1995-96	37	456	492	207	250	457	35
1996-97	35	420	455	270	140	410	45
1997-98	45	472	517	257	180	437	80
1998-99	80	443	523	287	100	387	136
1999-00	136	454	590	282	175	457	133
2000-01	133	471	604	289	180	469	135
2001-02	135	400	535	257	199	457	78
2002-03	78	332	424	264	105	369	55
2003-04	55	379	454	251	135	386	69

US HRW SUPPLY & USE YEARLY (in million bushels)
Year	Begin Stocks	Prod	Total Supply	Use	Export	Total Use	Ending Stocks
1989-90	302	711	1013	439	359	798	215
1990-91	215	1196	1411	681	369	1050	360
1991-92	360	901	1261	507	559	1067	194
1992-93	194	967	1162	494	464	958	204
1993-94	204	1066	1273	560	486	1046	227
1994-95	227	971	1202	586	422	1008	194
1995-96	194	825	1019	481	384	865	154
1996-97	154	759	914	485	286	771	143
1997-98	143	1098	1242	573	362	935	307
1998-99	307	1179	1487	568	444	1052	435
1999-00	435	1051	1486	551	477	1028	458
2000-01	458	846	1304	500	393	893	411
2001-02	411	767	1179	467	349	815	363
2002-03	363	612	975	480	307	787	188
2003-04	188	1063	1256	520	510	1030	226