Show big wheat acreage pa probable 8 IL bable for 1938 another big acreage of wheat not much below the 81 million acres seeded this year is likely to be planted for liar harvest vest in 1938 if producers respond to prices as they have in the past according to the august wheat situation outlook report of the U S bureau of agricultural economics with average yields fields an area of 81 million acres would produce a crop of million bushels this years vears crop will be about million milion according to the report about million bushels are used annually in the united states and the remainder is available for car ry over and export exports of united states wheat are expected to be increased this year in view of the small world supplies and relatively high prices in world markets but the export situation may not be so favorable in 1938 the report indicates unless world production in 1938 is again small or export demand increases beyond present expectations prices of wheat and the income c I 1 me to united states wheat browes r from the 1938 cropas crop as the bureau points out may be expected to be materially lower than during the current marketing season prospective world supplies for the year beginning july 1 1 1937 excluding soviet russia and china are estimated at about the same as last year since world production estimates during the past month were revised upward by 50 million bushels and carryover carry over s tocks stocks upward by 10 million bushels the crop in the northern hemisphere not including china and russia is indicated at about 3 bushels or million more than last years but part of this increase 50 mi million lliott n b bushels ush of it may be cancelled by the smaller crops in prospect in ar gentina and australia |