| Show find shortage in world wheat meat production less by bushels than in 1934 35 period world wheat supplies outside russia and china this season are likely to be about bushels less than in 1934 35 says the bureau of agricultural economics in its current report 0 on n world wheat prospects world production excluding russia and china Is estimated at about bushels or about bushels more than last year but world carryover carry over at the beginning of this crop year was waa about bushels or OW bushels less than a year ago russia Is reported to be harvesting a good wheat crop with fairly good yields in regions which commonly supply wheat for export russia may export as much as we bushels but this may bo be offset to some gome extent by increased imports into china where the wheat crop Is reported smaller than in lost 1934 the bureau says the short supplies of wheat in the united states may result in prices being maintained close to an import basis for all classes of wheat at markets east of the the united states carryover carry arry c over into the current season Is estimated at bushels and production on the basis of august angust I 1 conditions at bushels the total bushels la Is only bu bushels chels more than normal utilization of bushels these figures suggest it Is stated that unless there should be a considerable sid erable volume of imports during the year the carryover carry over into the 1038 1936 37 season leason will be smaller than that in the current season the volume of imports will be influenced largely by the quantity of the domestic crop which proves unfit for milling the bureau says that durum wheat in the 1035 38 36 season probably will not command a premium over hard red spring as was the case last season but that supplies of good quality hard red spring appear so short there will be substantial premiums for hard red spring over hard red winter |
