US wheat carryover up 34 million bushels

The U.S. Department of Agriculture in its June 11 World Agricultural Supply and Demand Estimates projected 2014-15 carryover of wheat in the U.S. on June 1, 2015, at 574 million bushels, up 34 million bushels, or 6 percent, from 540 million bushels projected in May, but down 19 million bushels, or 3 percent, from 593 million bushels on June 1, 2014. USDA wheat carryover numbers were above the average of trade expectations that were near 550 million bushels for 2015 and 588 million bushels for 2014.