date:Oct 22, 2012
, but stocks are also anticipated to end lower in mainland China, the European Union and the United States. As a result, the world wheat stock-to-use ratio is projected at 24.8%, down from 28.1% estimated in 2011/12, though still 2.9 percentage points above the all-time low of 21.9% in 2007/08.
World inventories of coarse grains are forecast to reach 162 million tons, 9% (16 million tons) less than in 2012 and 2.5 million tons below the September forecast. Most the decline from the previous sea