date:Jan 16, 2013
average selling price to date, the average for the year will likely be in the lower half of that range.
The 1 December 2012 inventory of US wheat was reported at 1.66 billion bushels, slightly smaller than the average guess. Feed and residual use of wheat during the first half of the marketing year was about 220 million bushels larger than use during the same period last year, prompting the USDA to raise the forecast for the year by 35 million bushels and to lower the projection of year-ending