WASDE shows very few revisions to wheat.....>

US DATA: WASDE shows very few revisions to wheat crop statistics. 

2017/18 US wheat area planted estimate unrev at 45.7m acres, while area 

harvested unrev at 38.1m. Wheat production unrev at 1.739b bushels in 

2017/18, while import unrev at 150m, so total supply unrev at 3.074b vs 

3.403b in 2016/17. Domestic use unrev at 1.166b, still up slightly from 

1.164b in 2016/17, while exports unrev at 975m, for total use of unrev 

2.141b vs 2.219b in 2016/17. As supply and demand were not revised, the 

estimate for 2017/18 ending stocks remained at 933m. Average farm bushel 

price for wheat expected to be $4.30-$4.90 for 2017/18, rev down from 

the prev estimate of $4.40-$5.20. The average price was estimated to be 

$3.89 in 2016/17. See MNI main wire.