... continues at an alarming rate. When are these futures goign...

... continues at an alarming rate. When are these futures goign to ignite as the net importers start to think about building domestic inventories? (Hopefully this paste works OK!)

http://www.usda.gov/news/releases/rptcal/calindex.htm.

WASDE-435-8

World and U.S. Supply and Use for Grains 1/
Million Metric Tons
===============================================================================
: : Total : : Total : Ending
Commodity : Output : Supply : Trade 2/ : Use : Stocks
===============================================================================
:
: World
Total grains 3/ :
2004/05 : 2,043.88 2,401.97 240.52 1,999.09 402.88
2005/06 (Est.) : 2,008.45 2,411.33 241.11 2,028.52 382.82
2006/07 (Proj.) :
May : 1,981.87 2,363.85 239.20 2,042.99 320.86
June : 1,984.29 2,367.11 239.68 2,048.00 319.10
Wheat :
2004/05 : 628.76 760.63 110.84 610.30 150.33
2005/06 (Est.) : 621.86 772.19 112.73 628.20 143.99
2006/07 (Proj.) :
May : 600.47 744.20 108.66 616.07 128.13
June : 599.83 743.82 108.61 615.59 128.24
Coa/rse grains 4/ :
2004/05 : 1,014.63 1,154.68 101.45 976.15 178.53
2005/06 (Est.) : 973.48 1,152.02 100.41 980.38 171.64
2006/07 (Proj.) :
May : 964.39 1,134.54 102.76 1,003.76 130.78
June : 966.91 1,138.56 103.29 1,007.66 130.89
Rice, milled :
2004/05 : 400.49 486.65 28.22 412.63 74.02
2005/06 (Est.) : 413.11 487.13 27.97 419.94 67.18
2006/07 (Proj.) :
May : 417.01 485.10 27.78 423.15 61.95
June : 417.54 484.73 27.78 424.75 59.97
:
: United States
Total grains 3/ :
2004/05 : 385.62 434.55 83.72 276.12 74.71
2005/06 (Est.) : 363.10 442.61 89.14 277.70 75.77
2006/07 (Proj.) :
May : 341.09 423.44 87.65 289.80 46.00
June : 339.49 420.89 87.65 289.17 44.06
Wheat :
2004/05 : 58.74 75.53 28.92 31.91 14.70
2005/06 (Est.) : 57.28 74.16 27.22 32.06 14.88
2006/07 (Proj.) :
May : 50.97 68.44 24.49 31.79 12.16
June : 49.36 66.97 24.49 31.16 11.31
Coa/rse grains 4/ :
2004/05 : 319.42 350.38 51.30 240.28 58.80
2005/06 (Est.) : 298.74 359.65 58.24 241.61 59.81
2006/07 (Proj.) :
May : 283.62 346.84 59.89 253.89 33.06
June : 283.62 345.75 59.89 253.89 31.97
Rice, milled :
2004/05 : 7.46 8.64 3.50 3.93 1.21
2005/06 (Est.) : 7.09 8.81 3.68 4.04 1.09
2006/07 (Proj.) :
May : 6.51 8.17 3.27 4.12 0.78
June : 6.51 8.17 3.27 4.12 0.78
===============================================================================
1/ Aggregate of local marketing years. 2/ Based on export estimate. See
individual commodity tables for treatment of export/import imbalances. 3/
Wheat, coa/rse grains and milled rice. 4/ Corn, sorghum, barley, oats, rye,
millet and mixed grains (for U.S. excludes millet and mixed grains).