WORLD WHEAT PRODUCTION

11,02212,85914,69616,53318,37020,20722,04423,88125,71827,55529,392

300350400450500550600650700750800

03-0

4

04-0

5

05-0

6

06-0

7

07-0

8

08-0

9

09-1

0

10-1

1

11-1

2

12-1

3

13-1

4

14-1

5

15-1

6

16-1

7

Proj

17-

18

Million Bushels

Source: USDA April 2018Xldata/world/all wheat/wheat/prod

Million Tons

WORLD WHEAT USAGE

11,02212,85914,69616,53318,37020,20722,04423,88125,71827,55529,392

300350400450500550600650700750800

03-0

4

04-0

5

05-0

6

06-0

7

07-0

8

08-0

9

09-1

0

10-1

1

11-1

2

12-1

3

13-1

4

14-1

5

15-1

6

16-1

7

Proj

17-

18

Million Bushels

Source: USDA April 2018Xldata/world/all wheat/wheat/prod

Million Tons

WORLD WHEAT STOCKS

0

1,837

3,674

5,511

7,348

9,185

11,022

0

50

100

150

200

250

300

03-0

4

04-0

5

05-0

6

06-0

7

07-0

8

08-0

9

09-1

0

10-1

1

11-1

2

12-1

3

13-1

4

14-1

5

15-1

6

16-1

7

Proj

17-

18

Million Bushels

Source: USDA April 2018Xldata/world/all wheat/wheat/prod

Million Tons

WORLD WHEAT PRODUCTION/ USE

11,02212,85914,69616,53318,37020,20722,04423,88125,71827,55529,392

300350400450500550600650700750800

03‐04

04‐05

05‐06

06‐07

07‐08

08‐09

09‐10

10‐11

11‐12

12‐13

13‐14

14‐15

15‐16

16‐17

Proj 17‐18

Production UseMillion Ton Million Bushel

USDA April 2018xldata/world/all/prod & use

WHEAT PRODUCTIONAmongst Major Exporters – Million Bushels

5,338

2,3071,165 1,113

676

5,570

1,7411,102

790 661

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

EU-27 U.S. Canada Australia Argentina

13-14

14-15

15-16

16-17

Proj 17-18

Source: USDA April 2018Xldata/world/all wheat/prod/exports/stocks

WHEAT EXPORTSAmongst Major Exporters – Million Bushels

1,003

1,999

1,054742 830

507882

2381

926 827588

470

0

500

1000

1500

2000

2500

3000

EU-27 FSU-12 U.S. Canada Australia Argentina

13-14

14-15

15-16

16-17

Proj 17-18

Source: USDA April 2018Xldata/world/all wheat/prod/exports/stocks

WHEAT STOCKSAmongst Major Exporters – Million Bushels

397

1,179

250162

7

478

1065

224

11811

0

200

400

600

800

1000

1200

EU-27 U.S. Canada Australia Argentina

13-14

14-15

15-16

16-17

Proj 17-18

Source: USDA April 2018Xldata/world/all wheat/prod/exports/stocks

WORLD WHEAT PRODUCTION AND UTILIZATION – Million Bushels

12-13 13-14 14-15 15-16 16-17 Proj17-18

Change

Argentina 342 386 514 415 676 661 -2%

Australia 841 930 871 819 1,113 790 -29%Canada 999 1,378 1,080 1,014 1,165 1,102 -5%EU-27 4,923 5,313 5,765 5,897 5,338 5,570 +4%China 4,446 4,479 4,637 4,784 4,736 4,769 +1%FSU 2,858 3,817 4,141 4,335 4,795 5,247 +9%U.S. 2,252 2,135 2,024 2,061 2,307 1,742 -25%World Prod 24,175 26,280 26,758 27,011 27,581 27,915 +1%World Use 24,976 25,659 25,927 26,130 27,144 27,301 +1%

World End Stocks

6,503 7,128 7,991 8,917 9,354 9,964 +7%

S/U Ratio 26% 28% 31% 34% 34% 36%

WORLD WHEAT PRODUCTION – MAP(Million Bushels)

1014 1165 1102

15-16 16-17 Proj 17-18

Canada

2062 23071742

15-16 16-17 Proj 17-18

U.S.

415676 661

15-16 16-17 Proj 17-18

Argentina

5897 5346 5570

15-16 16-17 Proj 17-18

EU 274336 4795 5247

15-16 16-17 Proj 17-18

FSU

4784 4736 4769

15-16 16-17 Proj 17-18

China

3178 3196 3615

15-16 16-17 Proj 17-18

India

8191113

790

15-16 16-17 Proj 17-18

Australia

USDA April 2018xldata/world/all/prod & use

DURUM PRODUCTION AND USE In Major Exporting CountriesUnited States, Canada & European Union

0

184

368

552

736

920

0.0

5.0

10.0

15.0

20.0

25.0

 03‐04

 04‐05

05‐06

06‐07

07‐08

08‐09

09‐10

10‐11

11‐12

12‐13

13‐14

14‐15

15‐16

16‐17

17‐18

Production UseSource: Stats Canada and Int’l Grains CouncilXldata/world/durum/sdmajor1 April 2018

Million Tons Million Bushels

DURUM STOCKS In Major Exporting CountriesUnited States, Canada & European Union

0

73

147

220

294

0

2

4

6

8

 03‐04

 04‐05

05‐06

06‐08

07‐08

08‐09

09‐10

 10‐11

 11‐12

 12‐13

13‐14

14‐15

15‐16

16‐17

17‐18

Source: Stats Canada and Int’l Grain Council April 2018

Million Tons Million Bushels

Durum Stocks in Major Exporting Countries – U.S., Canada, European Union

0

73

147

220

294

0

2

4

6

8

 03‐04

 04‐05

05‐06

06‐07

07‐08

08‐09

 09‐10

 10‐11

 11‐12

 12‐13

 13‐14

14‐15

15‐16

16‐17

17‐18

U.S. Canada EU

Source: Stats Canada and Int’l Grains CouncilXldata/world/durum/sdmajor1 April 2018

Million Tons Million Bushels

WORLD DURUM PRODUCTION Million Bushels

2012 2013 2014 2015 2016 2017 ChangeEU 301 298 279 312 360 342 -5%Canada 169 239 191 198 287 184 -36%U.S. 81 59 55 85 103 55 -46%Turkey 121 151 121 151 132 140 +6%Algeria 110 92 48 81 62 73 +18%Morocco 37 70 51 88 33 73 +122%Tunisia 48 29 44 29 29 44 +50%Others 445 492 474 481 470 463 -2%

World Total

1,312 1,429 1,264 1,426 1,477 1,374

Source: International Grains CommissionXldata/world/all wheat/wheat/prod

WORLD DURUM PRODUCTION – MAP(Million Bushels)

198287

184

15 16 17

Canada

81103

55

15 16 17

U.S.

7385 77

15 16 17

MEXICO

312 360 342

15 16 17

EUROPEAN UNION

279 246 246

15 16 17

TURKEY/SYRIA/KZ

265 250 261

15 16 17

OTHER

202129

195

15 16 17

NORTH AFRICA

18 22 18

15 16 17

AUSTRALIA

Source: Int’l Grains Council April 2018Xldata/world/durum/prod

WORLD DURUM PRODUCTIONMillion Bushels

1,4291,502

1,2821,3481,312

1,429

1,264

1,4261,477

1,374

0

400

800

1200

1600

08 09 10 11 12 13 14 15 16 17

OtherTunisiaMoroccoAlgeriaTurkeyUSCanadaEU

Source: Int’l Grains Council 4/18Xldata/world/durum/prod

NORTH AFRICAN DURUM PRODUCTIONMillion Bushels

51 5022 44 48 29 44 29 29 44

3770

5962 37 70 51 88

33

7333

107

8192 110 92

48

81

62

73

0

50

100

150

200

250

08 09 10 11 12 13 14 15 16 17

Tunisia Morocco Algeria

Source: Int’l Grains Council 4/18Xldata/world/durum/prod

WORLD DURUM EXPORTS

0.0

1.4

2.7

4.1

5.4

6.8

Canada United States EU *Others0

50

100

150

200

250

Million Bushels 13 14 15 16 17 Million Tons

Others includes Turkey, Kazak, Mexico and AustraliaSource: Int’l Grains Council 4/18Xldata/world/durum/prod

WORLD WHEAT PRODUCTION

235260256225226280260264262254277278280289268

319369366368383

404425388435404440449457461492

0.03.77.311.014.718.422.025.7

0100200300400500600700800

5 Major Exporters Others Billion Bushel

*5 Major Exporters include: U.S., EU-27, Canada, Australia and Argentina4/10/18

Million Ton

WORLD WHEAT TRADE

86 85 85 77 82 94 85 103100 92 108105103113100

24 26 31 34 3650 51 29

5746

58 59 7070 82

0.0

0.5

1.1

1.6

2.2

2.7

3.2

3.8

020406080

100120140160180200

5 Major Exporters Other Exporters Billion Bushel

*5 Major Exporters include: U.S., EU-27, Canada, Australia and Argentina4/10/18

Million Ton

WORLD WHEAT STOCKS

38 55 59 38 32 48 59 54 47 41 44 51 52 57 52

9396 90

89 88119

143144152134143166189198219

0.0

1.8

3.7

5.5

7.3

9.2

0

50

100

150

200

250

3005 Major Exporters Others

Billion Bushel

*5 Major Exporters include: U.S., EU-27, Canada, Australia and Argentina4/10/18

Million Ton