Situação do Mercado
WASDE. USDA raised its projection of U.S. wheat exports by 25 million bushels in last week’s WASDE.With no other supply or demand revisions, this move reduced ending stocks by 25 million and lowered the stocks to use ratio to 39.5% a partir de 41.2% em janeiro.
World wheat stocks were raised mostly on increased production (+ 1.38 mmt), mostly from India, the world’s fourth largest producer of wheat behind the EU-27, China, e FSU-12. Beginning stocks were adjusted up 0.76 mmt and use cut 1 mmt resulting in an increased carryover of 3 mmt. This raised the estimated days of use on hand at the end of the marketing year to 114.3 dia, a partir de 112.5 last month and further above the 20- média do ano de 106.
Para ler todo o relatório: Wheat_Feb_13_12