Source: Casey Chumrau USW Market Analyst, SOUTH EAST FARM PRESS, 12/2/11

The 2011/12 world wheat supply is 3 percent greater than last year thanks to excellent production and abundant carryover stocks, according to the International Grains Council (IGC).

In its monthly report released Nov. 24, IGC’s total global stocks estimate is 879 million metric tons (MMT), 28 MMT more than last year and equal to the current U.S. Department of Agriculture (USDA) estimate.

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