The following are analysts' estimates in billions of bushels for 2012 U.S.

winter wheat production based on conditions as of May 1, as compiled by Dow

Jones Newswires. The U.S. Department of Agriculture is scheduled to release

updated wheat production at 8:30 a.m. EDT Thursday. Parentheses denote the

number of estimates in that average and range.

                          Average     Range      2011

                                                                                                              Output

   All Wheat (12)        2.196   2.054-2.282   1.999 

   All Winter (11)       1.634   1.499-1.707   1.494 

   Hard Red Winter (11)  0.990   0.880-1.068   0.780 

   Soft Red Winter (11)  0.413   0.307-0.454   0.458 

   White Winter (11)     0.231   0.214-0.267   0.256 

                           All   All    HRW   SRW   White 

                           Wheat Winter             Winter 

   ABN Amro                2.225 1.600  0.950 0.425 0.225 

   ADM Investor Services   2.282 1.694  1.000 0.427 0.267 

   Allendale               2.271 1.707  1.060 0.428 0.219