If current predictions of bumper 2012-2013 production in crucial growing regions prove true, ample stockpiles of wheat will mount even higher. The U.S. Department of Agriculture last month forecast that domestic wheat production in 2012-2013 will rise 8.3% to 2.165 billion bushels, while the European Union predicted a crop of 131.9 million metric tons, a 2.4% increase.
...The USDA projected that domestic wheat supplies will total 957 million bushels at the end of 2012-2013, 13% more than in 2011-2012, while the EU predicted ending stocks will rise 40% to 15 million tons.
Wednesday, March 07, 2012
You know what's evidently an extremely ineffective way to destroy worldwide crop production? Emitting trace amounts of CO2 for hundreds of years
Wheat Prices Under Threat as Crop Forecasts Rise - WSJ.com