The following are supply and demand estimates released by USDA today the the Ag Outlook Forum.
Soybean S&D Data from 2012 USDA Agricultural Outlook Forum,
February 24, 2012.
2009/10 2010/11 2011/12 1/ 2012/13 2/
Area planted (mil. ac.) 77.5 77.4 75.0 75.0
Area harvested 76.4 76.6 73.6 74.1
Yield (bu./ac.) 44.0 43.5 41.5 43.9
Production (mil. bu.) 3,359 3,329 3,056 3,250
Beginning stocks 138 151 215 275
Imports 15 14 15 15
Supply 3,512 3,495 3,286 3,540
Crush 1,752 1,648 1,615 1,660
Seed 90 87 88 89
Residual 20 43 32 37
Total domestic use 1,862 1,778 1,736 1,785
Exports 1,499 1,501 1,275 1,550
Total use 3,361 3,280 3,011 3,335
Ending stocks 151 215 275 205
Stocks/use (percent) 4.5 6.6 9.1 6.1
Season-avg. farm price ($/bu.) 9.59 11.30 11.70 11.50
1/ Acreage, yield, production, and beginning stocks are estimates from the
National Agricultural Statistics Service. Imports, crush, exports, ending
stocks, and season-average farm price are projections from the World Agricultural
Supply and Demand Estimates, February 9, 2012. The season-average price is the
midpoint of the projected range from the same report.
2/ Projections based on analysis by the USDA s Oilseeds Interagency Commodity
Estimates Committee.
Note: Totals may not add due to rounding.
Wheat S&D data from 2012 Agricultural Outlook Forum,
February 24, 2012.
2009/10 2010/11 2011/12 1/ 2012/13 2/
Area planted (mil. ac.) 59.2 53.6 54.4 58.0
Area harvested 49.9 47.6 45.7 48.7
Yield (bu./ac.) 44.5 46.3 43.7 44.5
Production (mil. bu.) 2,218 2,207 1,999 2,165
Beginning stocks 657 976 862 845
Imports 119 97 120 120
Supply 2,993 3,279 2,982 3,130
Feed & residual 150 132 145 180
Food, seed & industrial 988 997 1,017 1,018
Total domestic use 1,138 1,128 1,162 1,198
Exports 879 1,289 975 975
Total use 2,018 2,417 2,137 2,173
Ending stocks 976 862 845 957
Stocks/use (percent) 48.4 35.7 39.5 44.0
Season-avg. farm price ($/bu.) 4.87 5.70 7.30 6.30
1/ Acreage, yield, production, and beginning stocks are estimates from the
National Agricultural Statistics Service. Imports, use, ending stocks, and
season-average farm price are projections from the World Agricultural Supply
and Demand Estimates, February 9, 2012. The season-average price is the
midpoint of the projected range from the same report.
2/ Projections based on analysis by USDA s Wheat Interagency Commodity
Estimates Committee.
Note: Totals may not add due to rounding.
Corn S&D data from 2012 USDA Agricultural Outlook Forum,
February 24, 2012.
2009/10 2010/11 2011/12 1/ 2012/13 2/
Area planted (mil. ac.) 86.4 88.2 91.9 94.0
Area harvested 79.5 81.4 84.0 87.0
Yield (bu./ac.) 164.7 152.8 147.2 164.0
Production (mil. bu.) 13,092 12,447 12,358 14,270
Beginning stocks 1,673 1,708 1,128 801
Imports 8 28 20 15
Supply 14,774 14,182 13,506 15,086
Feed & residual 5,125 4,793 4,600 5,200
Ethanol 3/ 4,591 5,021 5,000 4,950
Food, seed & other industrial 1,370 1,407 1,405 1,420
Total food, seed & industrial 5,961 6,428 6,405 6,370
Total domestic use 11,086 11,220 11,005 11,570
Exports 1,980 1,835 1,700 1,900
Total use 13,066 13,055 12,705 13,470
Ending stocks 1,708 1,128 801 1,616
Stocks/use (percent) 13.1 8.6 6.3 12.0
Season-avg. farm price ($/bu.) 3.55 5.18 6.20 5.00
See Comments
