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AMIS Market Monitor

last release: May 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

6 Apr

4 May

Production

760.3

739.9

740.4 

Supply

979.6

979.9

980.0

Utilization

732.0

734.7

731.0

Trade

173.8

169.0

170.0

Ending Stocks

239.6

246.6

247.6

in million tonnes

  • Wheat production in 2017 to fall below the 2016 record on anticipation of smaller crops in Australia, Canada, Russia and the US.
  • Utilization in 2017/18 to decrease more than it was projected in April because of a sharper dip in feed use of wheat.
  • Trade in 2017/18 (July/June) to decline by less than was anticipated earlier due to higher import expectations in China and India. 
  • Stocks (ending in 2018) to reach a new high with the latest forecast even bigger than last month, reflecting larger end-season inventories in China, Morocco and Russia.