World Wheat and Feed Grain Stocks are at Historically Low Levels and are Projected by USDA to Decline Further in 2003-04 Even With Normal U.S. Weather.

Large upward revisions in China’s grain stocks estimates in the last two years make the world grain reserve supply situation appear more adequate than was believed to be the case in 1995-96, when corn and wheat prices reached all-time high prices.

Updated June 13, 2003

World Feed Grain Stocks Chart

World Wheat Stocks Chart