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PF Analysts Highlight Key Data from Nov. USDA Reports

November 9, 2010
 
 

From Pro Farmer

Roger Bernard

Note: Pro Farmer Members can see Pro Farmer's full report reaction on the Pro Farmer page under "Top Stories." To become a member, call 1-800-772-0023 for more information.

Following is a condensed version of the Pro Farmer report reaction:

 

** 2010 CROP PRODUCTION **

  • CORN: 12.540 billion bu.; trade expected 12.545 billion bu.

    -- compares to Oct. est. of 12.664 bil. bu.; 13.110 bil. bu. in 2009

  • BEANS: 3.375 billion bu.; trade expected 3.426 billion bu.

    -- compares to Oct. est. of 3.408 bil. bu.; 3.359 bil. bu. in 2009

  • COTTON: 18.418 million bales

    -- compares to Oct. est. of 18.873 mil. bales; 12.19 mil. bales in 2009


** 2010-11 U.S. CARRYOVER **

  • CORN: 827 million bu.; down from Oct. projection of 902 million bu.

    -- compares to 1.708 billion bu. in 2009-10

  • BEANS: 185 million bu.; down from Oct. projection of 265 million bu.

    -- compares to 151 million bu. in 2009-10

  • WHEAT: 848 million bu.; down from Oct. projection of 853 million bu.

    -- compares to 973 million bu. in 2009-10

  • COTTON: 2.2 million bales; down from Oct. projection of 2.7 mil. bales

    -- compares to 2.95 million bales in 2009-10


** GLOBAL CARRYOVER **

  • CORN: 129.36 MMT; down from 132.36 MMT in Oct.

    -- 147.95 MMT in 2009-10

  • BEANS: 61.41 MMT; virtually unch. from 61.42 MMT in Oct.

    -- 60.40 MMT in 2009-10

  • WHEAT: 172.51 MMT; down from 174.66 MMT in Oct.

    -- 195.40 MMT in 2009-10

  • COTTON: 42.2 mil. bales; down from 44.66 mil. bales in Oct.

    -- 43.65 mil. bales in 2009-10


** GLOBAL PRODUCTION HIGHLIGHTS **

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