WheatOutlookWheatOutlookJenniferK.BondU.S.AllWheatStocksTightenonRisingDomesticUse;ExportsHoldSteadyThelatestUSDA,NationalAgriculturalStatisticsService(NASS)GrainStocksreportindicatessecondquarterallwheatendingstockstotaled1,834millionbushelswithimpliedSeptember-Novemberdisapperanceof512millionbushels,35percentabovethesameperiodin2018/19(fig.1).Surginguseinthesecondquarterisattributedtostrongerexportsyear-to-yearandhigher-than-expectedfeedandresidualuse.Allwheatexportswereraisedlastmonthtothecurrent975-million-bushelestimateontheobservedpaceofsalesandbrightenedmarketingopportunities.U.S.exportprospectsremainmostlyfavorableondevelopmentsintraderelations,th...