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AMIS Market Monitor

last release: Nov 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

5 Oct

2 Nov

Production

760.2 

750.1 

752.8

Supply

982.6 

996.4

998.0

Utilization

732.8 

734.3 

738.2 

Trade

177.4 

174.7 

175.2 

Ending Stocks

245.2 

261.2 

258.2 

in million tonnes

  • Wheat production forecast for 2017 raised further this month, following upward revisions for the Russian Federation and Ukraine, but still below last year’s record.
  • Utilization in 2017/18 to increase more than was anticipated in October, largely due to higher feed use expectations.
  • Trade in 2017/18 (July/June) is heading for a lesser contraction from 2016/17 on stronger import demand from Mexico and Nigeria.
  • Stocks (ending in 2018) still to rise to a record level globally despite this month’s lowering of inventories in several countries.