WASDE shows few revisions to the wheat crop.>

US DATA: WASDE shows few revisions to the wheat crop statistics. 2017/18 

US wheat area planted est unrev at 46.0m acres, while area harvested 

unrev at 37.6m. 

- Wheat production unrev at 1.741b bushels in 2017/18, while import unrev

at 150m, so total supply unrev at 3.071b vs 3.402b in 2016/17. 

- Domestic use unrev at 1.136b, down slightly from 1.167b in 2016/17, 

while exports rev down to 975m from prev 1.0b, so total use rev down to 

2.111b vs prev 2.136b, down from 2.222b in 2016/17.

- The estimate for 2017/18 ending stocks rev up to 960m. 

- Avg farm bushel price for wheat expected to be $4.50-$4.70 for 2017/18, 

rev from prev est; the avg price was estimated to be $3.89 in 2016/17. 

- Also released, the Dec Citrus Forecast Report showed that the 2017/18 

forecast for Florida all orange production was rev down to 46.0m boxes, 

the lowest since the 1944-45 season.