WASDE shows revisions to most wheat crop....>

US DATA: WASDE shows revisions to most wheat crop statistics. 

2017/18 US wheat area planted estimate rev up to 46.0m acres, while area 

harvested rev down to 37.6m. Wheat production rev up to 1.741b bushels 

in 2017/18, while import unrev at 150m, so total supply rev down 

slightly from prev est to 3.071b vs 3.402b in 2016/17. Domestic use rev 

down to 1.136b, down slightly from 1.167b in 2016/17, while exports 

unrev at 975m, making total use rev down to 2.111b vs 2.222b in 2016/17. 

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

bushel price for wheat expected to be $4.40-$4.80 for 2017/18, rev from 

prev estimate of $4.30-$4.90. The average price was estimated to be 

$3.89 in 2016/17. Also released by USDA was the October Citrus 

Forecast Report, which stated that the 2017/18 forecast for Florida all 

orange production was down to 54.0m boxes, the lowest since 1947. See 

MNI main wire.