1. World Wheat Production, Exports, Consumption, and Ending Stocks Production Consumption Ending Stocks Exports 1960/61 – 2003/04 Source:USDA/WASDE: August 12, 2003

2. Foreign Wheat Production, Consumption, Imports, and Ending Stocks Production Consumption Ending Stocks Imports 1960/61 – 2003/04 Source:USDA/WASDE: August 12, 2003

3. Wheat: Major Producers 2002/03 and 2003/04 (million metric tons) 2002/03 (estimated) 2003/04 (projected) Total = 563.04 Total = 549.35 Source:USDA/WASDE: August 12, 2003

4. U.S. Wheat Production, Exports, Consumption, and Ending Stocks Production Consumption Ending Stocks Exports 1965/61 – 2003/04 Source:USDA/WASDE: August 12, 2003

5. Wheat U.S. Supply/Demand (million bushels) 1999/002000/012001/022002/032003/04 Supply Beginning Stks. ProductionImports Total Supply 9462,299943,3399502,232903,2728761,9571082,9417771,616772,471(Aug.)4922,292902,874 Disappearance Domestic Use Exports Total Use Ending Stks. Carryover/Use (%) Avg. Farm Price 1,3011,0892,39095039.752.481,3341,0622,39687636.562.621,2019622,16477735.912.781,1268531,97949224.863.561,1801,0502,23064428.883.40 Source:USDA/WASDE: August 12, 2003

6. U.S. Wheat Yield, Planted and Harvested Acreage, 1980 - 2003 Yield Harvested Acres Planted Source:USDA/WASDE: August 12, 2003

7. Wheat: Area Planted and Harvested, 1996 – 2003 (1,000 acres) Planted 1/ 9697989900010203 Kansas N. Dakota OklahomaTexas1180012680680060001140011625670063001070097706600610010000941064006200980010170610060009800945056005600960090806000640010300843064006600 U.S.7510570412658216271462629595976035860940 Harvested Kansas OklahomaTexas880012515490029001090011095530041001010096105100390092008657430034009400941342002200820090803700320081007920350027009700826247003600 U.S.6281962840590025382353133486334581752677 1/ Includes area planted in preceding fall Source: WASDE/USDA/NASS

14. 2003-2004 U.S. Wheat Supply/Demand by Class (million bushels) 85351202520.831062003066721.9023625549215331.102611003615916.3449146095133935.65Disappearance Domestic Use Exports Total Use Ending Stks. Carryover/Use (%) 2887145752863731454606455536542018910931290Supply Beginning Stks. Production Total Supply DurumWWHRSSRWHRW Source:USDA/WASDE: August 12, 2003

15. U.S. Wheat Total Imports 1982/83 – 2003/04 Source:USDA/WASDE: August 12, 2003

16. U.S. Domestic Wheat Use 1980/82 – 2003/04 Food Use Feed Use Source:USDA/WASDE: August 12, 2003

17. U.S. Average Prices Received by Farmers for Corn & Wheat, January ‘89 – June 2003 Wheat Corn Source:USDA:

18. World Wheat Exports 2002/03 and 2003/04 (million metric tons) 2002/03 (estimated) 2003/04 (projected) Total = 103.46 Total = 97.91 Source:USDA/WASDE: August 12, 2003

19. Season Average Wheat Price vs. U.S. and World Ending Stocks-to-Use 1969/70 – 2003/04 Price U.S. Ending Stks. World Ending Stks. Source:USDA/WASDE: August 12, 2003

20. U.S. Wheat Carryover/Use vs. Season Average Price/Loan Rate 1980/81 – 2003/04 89 95 88 96 9192 9493 02 97 90 03 01 84 00 99 81 87 98 83 82 86 85 Source:USDA/WASDE: August 12, 2003

21. July KCBT Wheat Prices High, Low, Close, and Loan Rate

22. High and Low July KCBT Wheat prices 1975 - 2002

23. Seasonal Price Index for Wheat June 1993 – May 2003 Source:USDA:

24. Kansas City Wheat Nearby Daily Futures

25. Chicago Wheat Nearby Futures

26. Minneapolis Wheat Nearby Futures

27. Kansas City Wheat December 2003 Contract

28. Chicago Wheat December 2003 Contract

29. Minneapolis Wheat December 2003 Contract

30. Kansas City Wheat July 2004 Contract

31. Chicago Wheat July 2004 Contract