The data of global wheat feed consumption and Simo inventory in 2009 and 10 are up-regulated.
According to the latest report released by the United States Department of Agriculture, the global wheat consumption data for 2009 Universe increased slightly by 200000 tons, while the feed consumption data increased by 1.3 million tons.
The data of wheat feed and other consumption in Russia increased by 500000 tons to 18 million tons in 2009 due to the increase in wheat production. The data of wheat feed consumption in Israel and South Korea also increased by 300000 tons respectively, because the price of feed wheat is more competitive than that of corn and imports are higher.
In 2009, the global wheat inventory data at the end of the year increased by 1.6 million tons to 188.3 million tons, of which the United States accounted for 600000 tons. Due to the increase in production, the Kazakh wheat inventory data was raised by 1.5 million tons.
In Syria, an increase in wheat production and an increase in imports will lead to an increase of 1.2 million tons in stocks at the end of the year. The inventory figures for Turkey and Bangladesh were raised by 300000 tons and 200000 tons, respectively.
However, Australia's wheat inventory data fell by 1.7 million tons, due to a reduction in the opening inventory data. The Moroccan wheat inventory data at the end of the year was reduced by 600000 tons due to a decline in the opening inventory data and an increase in feed consumption.
The global stock-to-consumption ratio of wheat at the end of 2009 was raised to more than 29%, the highest level since 2001.
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In the week ended November 12, the inspection volume of U.S. wheat exports was 15.047 million bushels.
In the week ended November 12, the inspection volume of U.S. wheat exports was 15.047 million bushels.
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