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PF Editors Highlight Key Data from USDA Mar. S&D

March 10, 2011
 
 

From Pro Farmer

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:

 

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

  • CORN: 675 million bu.; unch from Feb. proj. of 675 million bu.

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

  • BEANS: 140 million bu.; unch from Feb. proj. of 140 million bu.

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

  • WHEAT: 843 million bu.; up from Feb. proj. of 818 million bu.

    -- compares to 976 million bu. in 2009-10

  • COTTON: 1.9 million bales; unch from Feb. proj. of 1.9 mil. bales

    -- compares to 2.95 million bales in 2009-10


** GLOBAL CARRYOVER **

  • CORN: 123.14 MMT; up from 122.51 MMT in Feb.

    -- 144.54 MMT in 2009-10

  • BEANS: 58.33 MMT; up slightly from 58.21 MMT in Feb.

    -- 59.0 MMT in 2009-10

  • WHEAT: 181.9 MMT; up from 177.77 MMT in Feb.

    -- 197.32 MMT in 2009-10

  • COTTON: 42.33 mil. bales; down from 42.81 mil. bales in Feb.

    -- 43.84 mil. bales in 2009-10


** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINA BEANS: 49.5 MMT; compares to 49.5 MMT in Feb.

    -- 54.5 MMT in 2009-10 BRAZIL

  • BEANS: 70.0 MMT; compares to 68.5 MMT in Feb.

    -- 69.0 MMT in 2009-10

  • ARGENTINA WHEAT: 15.0 MMT; compares to 14.0 MMT in Feb.

    -- 11.0 MMT in 2009-10

  • AUSTRALIA WHEAT: 26.0 MMT; compares to 25.0 MMT in Feb.

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