HRW Wheat (KW)

U.S. Supply & Disappearance

Sources: USDA (ERS WASDE) *Latest market year projected, current market year estimated.
Planted & Harvested (million acres), Yield (bushels / acre), Supply & Disappearance (million bushels)
Market YearArea PlantedArea HarvestedYield (bu/acre)Beginning StocksProductionImportsTotal SupplyFood UseSeed UseFeed & Residual UseExportsTotal UseEnding Stocks
2019/20*45.837.947.81,087.01,902.0140.03,129.0978.065.090.0975.02,108.01,021.0
2018/19*47.839.647.61,098.91,884.5145.03,128.0965.062.070.0945.02,042.01,087.0
2017/1846.037.546.31,180.61,739.6157.43,077.7964.463.450.0901.11,978.81,098.9
2016/1750.143.952.7975.62,308.7118.03,402.4949.061.3160.61,050.92,221.81,180.6
2015/1655.047.343.6752.42,061.9112.82,927.1957.167.2149.5777.81,951.5975.6
2014/1556.846.443.7590.32,026.3151.22,767.8958.379.4113.4864.32,015.4752.4
2013/1456.245.347.1717.92,135.0172.53,025.3955.175.6228.21,176.22,435.1590.3
2012/1355.348.846.2742.62,252.3124.33,119.2950.873.1365.31,012.12,401.4717.9
2011/1254.345.743.6862.21,999.3112.12,973.7941.476.3163.91,049.52,231.0742.6
2010/1152.646.946.1975.62,206.996.93,279.5925.670.9131.91,288.82,417.2862.2
2009/1059.049.844.3656.52,218.1118.62,993.2918.969.5149.9879.32,017.5975.6
2008/0963.656.044.8305.82,499.2127.02,932.0926.878.0255.21,015.42,275.4656.5
2007/0860.551.040.2456.22,051.1112.62,619.9947.987.616.01,262.62,314.1305.8
2006/0757.346.838.6571.21,808.4121.92,501.5937.981.9117.1908.52,045.3456.2
2005/0657.250.142.0540.12,103.381.42,724.8917.177.1156.61,002.82,153.6571.2
2004/0559.650.043.2546.42,156.870.62,773.8909.677.6180.61,065.92,233.7540.1
2003/0462.153.144.2491.42,344.463.02,898.9911.979.7202.51,158.32,352.4546.4
2002/0360.345.835.0777.11,605.977.42,460.4918.684.4115.7850.21,968.9491.4
2001/0259.448.540.2876.21,947.5107.62,931.2926.483.4182.0962.32,154.1777.1
2000/0162.553.142.0949.72,228.289.83,267.7949.679.5300.41,062.02,391.6876.2
1999/000.00.00.0945.92,295.694.53,336.0928.891.7279.31,086.52,386.2949.7
1998/990.00.00.0722.52,547.3103.03,372.8910.080.4390.71,045.72,426.9945.9
1997/980.00.00.0443.62,481.594.93,020.0914.192.5250.51,040.42,297.5722.5
1996/970.00.00.0376.02,277.492.32,745.7890.7102.3307.61,001.52,302.1443.6
1995/960.00.00.0506.62,182.767.92,757.2882.9103.5153.71,241.12,381.2376.0
1994/950.00.00.0568.52,321.091.92,981.4853.089.0344.51,188.32,474.8506.6
1993/940.00.00.0530.72,396.4108.93,036.0871.796.3271.81,227.82,467.5568.5
1992/930.00.00.0474.62,467.170.53,012.2834.899.1194.11,353.62,481.6530.7
1991/920.00.00.0868.31,980.441.42,890.1789.598.4245.61,282.02,415.5474.6
1990/910.00.00.0536.52,730.036.43,302.9789.892.0484.31,069.02,435.1868.3
1989/900.00.00.0702.02,036.623.02,761.6748.9105.0135.01,232.02,224.0536.5
1988/890.00.00.01,261.01,812.023.03,096.0725.0103.0151.01,415.02,394.0702.0
1987/880.00.00.01,821.02,108.016.03,945.0720.085.0291.01,588.02,684.01,261.0
1986/870.00.00.01,905.02,091.021.04,017.0712.084.0401.0999.02,196.01,821.0
1985/860.00.00.01,426.02,424.016.03,866.0674.093.0285.0909.01,961.01,905.0
1984/850.00.00.01,399.02,595.010.04,004.0653.098.0406.01,421.02,578.01,426.0
1983/840.00.00.01,515.02,420.03.03,938.0644.0100.0370.01,426.02,540.01,399.0
1982/830.00.00.01,159.02,765.06.03,932.0616.097.0193.01,509.02,417.01,515.0
1981/820.00.00.0989.02,785.03.03,777.0602.0111.0135.01,770.02,618.01,159.0
1980/810.00.00.0902.02,381.03.03,286.0610.0113.060.01,514.02,296.0989.0
1979/800.00.00.0924.02,134.02.03,060.0596.0101.086.01,375.02,158.0902.0
1978/790.00.00.01,178.01,775.02.02,955.0591.087.0159.01,194.02,031.0924.0
1977/780.00.00.01,113.02,046.01.03,160.0587.080.0191.01,124.01,983.01,178.0
1976/770.00.00.0666.02,148.03.02,817.0588.092.074.0950.01,703.01,113.0
1975/760.00.00.0435.02,127.02.02,564.0588.099.038.01,173.01,898.0666.0

Annual Planted & Harvested:


Annual Supply:





Annual Disappearance:








Stocks to Use:


Quarterly Stocks by Position:










USDA FAS Export Sales Data:

All Data For The current Marketing Year




20yrsSpot PriceWgt Fut PriceBasisVolatility (ANN)Forward Curve
Maximum1196.251228.2345.0045.00%31.31%
Top 1/4tile596.50652.53-0.5028.99%11.83%
Median444.25495.47-20.7523.71%6.20%
Bot 1/4tile347.38354.52-40.8120.41%1.60%
Minimum232.63271.05-128.6313.17%-12.71%
10yrsSpot PriceWgt Fut PriceBasisVolatility (ANN)Forward Curve
Maximum900.88986.8045.0039.08%31.31%
Top 1/4tile658.00725.58-5.0030.32%14.80%
Median523.50569.45-34.2526.32%7.56%
Bot 1/4tile438.31495.10-58.0920.98%4.07%
Minimum323.00416.95-128.6316.28%-6.15%
5yrsSpot PriceWgt Fut PriceBasisVolatility (ANN)Forward Curve
Maximum744.00836.2545.0029.57%31.31%
Top 1/4tile531.56552.675.5026.07%13.92%
Median455.13498.83-15.0022.93%6.32%
Bot 1/4tile403.25460.23-40.2520.45%0.47%
Minimum323.00416.95-128.6316.28%-6.15%
Source: ABSR Research, LLC, Commodity Systems Inc.

Source: ABSR Research, LLC, Commodity Systems Inc.

Source: ABSR Research, LLC, Commodity Systems Inc.

Source: ABSR Research, LLC, Commodity Systems Inc., USDA: NASS

Source: ABSR Research, LLC, Commodity Systems Inc.

Source: ABSR Research, LLC, Commodity Systems Inc.

HRW Wheat Specifications:
20yrsWgt Fut PriceVolatility (ANN)Forward Curve
Maximum1228.2344.91%11.06%
Top 1/4tile652.5329.21%5.83%
Median477.7323.36%3.76%
Bot 1/4tile338.6619.94%1.57%
Minimum271.0513.17%-11.71%
10yrsWgt Fut PriceVolatility (ANN)Forward Curve
Maximum1041.2344.91%11.06%
Top 1/4tile754.5032.82%5.54%
Median623.5228.65%3.88%
Bot 1/4tile500.1821.88%2.32%
Minimum410.5816.38%-2.72%
5yrsWgt Fut PriceVolatility (ANN)Forward Curve
Maximum829.7529.44%11.06%
Top 1/4tile647.0224.46%7.15%
Median514.9521.88%4.91%
Bot 1/4tile463.0719.56%1.76%
Minimum410.5816.38%-2.72%
Source: CME Group
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