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PF Analysts: USDA's 2010-11 S/D, U.S. Winter Wheat Crop

May 11, 2010
By: Anna McBrayer, Editor
 
 

From Pro Farmer

Roger Bernard

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

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

 

** 2009 CORN PRODUCTION **

  • CORN: 13.110 billion bushels
    -- compares to 13.131 mil. bu. prior; 12.101 billion bu. in 2008

** 2010 WINTER WHEAT PRODUCTION **

  • ALL WHEAT: 2.043 billion bu.; trade expected 2.033 billion bu.
    -- compares to 2.216 billion bu. in 2009
  • ALL WINTER WHEAT: 1.458 billion bu.; trade expected 1.434 billion bu.
    -- compares to 1.523 billion bu. in 2009
  • HRW: 960.4 million bu.; trade expected 920 million bu.
    -- compares to 919 million bu. in 2009
  • SRW: 283.5 million bu.; trade expected 312 million bu.
    -- compares to 404 million bu. in 2009
  • WHITE WINTER: 214.5 million bu.; trade expected 196 million bu.
    -- compares to 200 million bu. in 2009

** 2009-10 U.S. CARRYOVER **

  • CORN: 1.738 billion bu.; down from April est. of 1.899 billion bu.
    -- compares to 1.674 billion bu. in 2008-09
  • BEANS: 190 million bu.; unch from April est. of 190 million bu.
    -- compares to 138 million bu. in 2008-09
  • WHEAT: 950 million bu.; unch from April est. of 950 million bu.
    -- compares to 667 million bu. in 2008-09
  • COTTON: 3.1 million bales; up from April est. of 3.0 million bales
    -- compares to 6.2 million bales in 2008-09

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

  • CORN: 1.818 billion bu.; trade expected 1.884 billion bu.
  • BEANS: 365 million bu.; trade expected 338 million bu.
  • WHEAT: 997 million bu.; trade expected 961 million bu.
  • COTTON: 3.0 million bales; trade expected 3.56 million bales

** 2009-10 GLOBAL CARRYOVER **

  • CORN: 147.04 MMT; up from 144.2 MMT in April
    -- 154.21 MMT in 2010-11
  • BEANS: 63.76 MMT; up from 62.96 MMT in April
    -- 66.09 MMT in 2010-11
  • WHEAT: 193.37 MMT; down from 195.82 MMT in April
    -- 198.09 MMT in 2010-11
  • COTTON: 52.75 mil. bales; up from 50.91 mil. bales in April
    -- 50.13 mil. bales in 2010-11

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINA BEANS: 54.0 MMT; compares to 54.0 MMT in April
    -- 50.0 MMT in 2010-11
  • BRAZIL BEANS: 68.0 MMT; compares to 67.5 MMT in April
    -- 65.0 MMT in 2010-11
  • ARGENTINA WHEAT: 9.6 MMT; compares to 9.6 MMT in April
    -- 12.0 MMT in 2010-11
  • AUSTRALIA WHEAT: 22.5 MMT; compares to 22.5 MMT in April
    -- 22.0 MMT in 2010-11
  • CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in April
    -- 112.0 MMT in 2010-11
  • CANADA WHEAT: 26.5 MMT; compares to 26.5 MMT in April
    -- 24.5 MMT in 2010-11
  • EU-27 WHEAT: 138.88 MMT; compares to 138.14 MMT in April
    -- 145.07 MMT in 2010-11
  • CHINA CORN: 155.0 MMT; compares to 155.0 MMT in April
    -- 166.0 MMT in 2010-11
  • ARGENTINA CORN: 21.0 MMT; compares to 21.0 MMT in April
    -- 21.0 MMT in 2010-11
  • SOUTH AFRICA CORN: 14.0 MMT; compares to 14.0 MMT in April
    -- 12.5 MMT in 2010-11
  • BRAZIL CORN: 53.5 MMT; compares to 53.5 MMT in April
    -- 51.0 MMT in 2010-11
  • CHINA COTTON: 32.5 mil. bales; compares to 31.5 mil. bales in April
    -- 33.0 mil. bales in 2010-11

 

Copyright 2010 Professional Farmers of America.

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