Approved by the World Agricultural Outlook Board on March 10, 2015
WHEAT: Projected U.S. wheat ending stocks for 2014/15 are reduced 1 million bushels with an increase in expected seed use. The seed use change is based on the 2015 planted area projection released at USDA’s February Agricultural Outlook Forum. The projected season-average farm price range is narrowed 5 cents on both the high and low ends to $5.90 to $6.10 per bushel.