"The USDA is widely expected to increase its projection for exports and to lower ending stocks to its lowest level in over 50 years. Stocks are currently pegged at 362 mbu and the record low (since 1950) was 330 mbu (in 1951). Some analysts believe stocks could be lowered to as little as 200 mbu."
From DTN Wheat's "Impossibly Tight" Situation
