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This report provides the total quantity of wheat stored in all positions, including on-farm and off-farm locations across the United States. It is a critical indicator for assessing the supply side of the wheat market and helps in determining future price trends. Analysts use this data to adjust supply and demand balance sheets for the marketing year, making it essential for commodity traders and agricultural planners.
Data is collected through surveys of farmers for on-farm stocks and commercial grain elevators, mills, and warehouses for off-farm stocks. The USDA National Agricultural Statistics Service (NASS) compiles these figures to represent a snapshot of stocks as of the first of the month.