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USDA's Corn, Soybean and Wheat Estimates

February 24, 2012

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





	
	

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RELATED TOPICS: Corn, Soybeans, Wheat, USDA

 
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