U.S. wheat carryover on June 1, 2012, was projected at 793 million bushels, down 32 million bushels, or 4%, from 825 million bushels forecast in March and down 69 million bushels, or 8%, from 862 million bushels in 2011, the U.S. Department of Agriculture said in its April 10 World Agricultural Supply and Demand Estimates.

The decrease was the result of a 35 million bushel increase in projected 2011-12 feed and residual use only partially offset by a 3 million bushels decrease in seed use.

The projected USDA 2012 wheat carryover number was near the average trade expectation of 796 million bushels.