Mar projection of 2017/18 US wheat area at..>

US DATA: Mar projection of 2017/18 US wheat area planted unrev at 46.0m 

acres and area harvested unrev at 37.6m acres, both down from 2016/17. 

- Wheat production unrev at 1.741b bsls, while import forecast unrev at

155m, so total supply unrev at 3.076b, down from the 3.402b seen in 

2016/17. 

- Domestic use unrev at 1.117b bsls, while exports rev down to 925m from 

950m in Feb, for a rev down total use of 2.042b bsls down from 2.067b bls

in Feb and down from 2.222b in 2016/17. 

- The est for 2017/18 ending stocks is now 1.034b, rev up from 1.009m 

in Feb, but down from 1.181b in 2016/17. 

- Avg farm bsl price rev to $4.60-$4.70, up from $3.89/bsl in 2016/17.