From Pro Farmer

Roger Bernard

Note: Pro Farmer's full report reaction is on the Pro Farmer page and it's available for Pro Farmer Members only. To become a member, call 1-800-772-0023 for more information.

Following are key figures from this morning's USDA reports:

** 2011 WINTER WHEAT SEEDINGS **

• ALL WINTER WHEAT: 40.990 mil. acres; traders expected 41.219 mil. ac.
  -- compares to 37.335 mil. acres in 2010
• HRW: 29.6 mil. acres; traders expected 30.241 mil. acres
  -- compares to 28.553 mil. acres in 2010
• SRW: 7.76 mil. acres; traders expected 7.281 mil. acres
  -- compares to 5.274 mil. acres in 2010
• WHITE WINTER: 3.66 mil. acres; traders expected 3.545 mil. acres
  -- compares to 3.508 million acres in 2010

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** ANNUAL PRODUCTION SUMMARY **

• CORN: 12.447 bil. bu.; traders expected 12.491 bil. bu.
  -- compares to 12.540 bil. bu. in Nov. and 13.110 bil. bu. in 2009
• BEANS: 3.329 bil. bu.; traders expected 3.376 bil. bu.
  -- compares to 3.375 bil. bu. in Nov. and 3.359 bil. bu. in 2009
• COTTON: 18.315 mil. bales.
  -- compares to 18.268 mil. bales in Dec. and 12.19 mil. bales in 2009

** QUARTERLY GRAIN STOCKS **

• CORN: 10.040 bil. bu.; traders expected 10.097 bil. bu.
  -- compares to 1.708 bil. bu. Sept. 1; 10.902 bil. bu. Dec. 1, 2009
• BEANS: 2.277 bil. bu.; traders expected 2.333 bil. bu.
  -- compares to 151 mil. bu. Sept. 1; 2.339 bil. bu. Dec. 1, 2009
• WHEAT: 1.928 bil. bu.; traders expected 1.937 bil. bu.
  -- compares to 2.459 bil. bu. Sept. 1; 1.782 bil. bu. Dec. 1, 2009

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

• CORN: 745 million bu.; down from Dec. proj. of 832 million bu.
  -- compares to 1.708 billion bu. in 2009-10
• BEANS: 140 million bu.; down from Dec. proj. of 165 million bu.
  -- compares to 151 million bu. in 2009-10
• WHEAT: 818 million bu.; down from Dec. proj. of 858 million bu.
  -- compares to 976 million bu. in 2009-10
• COTTON: 1.9 million bales; unch from Dec. proj. of 1.9 mil. bales
  -- compares to 2.95 million bales in 2009-10

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** 2010-11 GLOBAL CARRYOVER **

• CORN: 127.0 MMT; down from 130.0 MMT in Dec.
  -- 147.11 MMT in 2009-10
• BEANS: 58.28 MMT; down from 60.12 MMT in Dec.
  -- 60.23 MMT in 2009-10
• WHEAT: 177.99 MMT; up from 176.72 MMT in Dec.
  -- 197.43 MMT in 2009-10
• COTTON: 42.84 mil. bales; down from 43.39 mil. bales in Dec.
  -- 43.85 mil. bales in 2009-10

** GLOBAL PRODUCTION HIGHLIGHTS **

• ARGENTINA BEANS: 50.5 MMT; compares to 52.0 MMT in Dec.
  -- 54.5 MMT in 2009-10
• BRAZIL BEANS: 67.5 MMT; compares to 67.5 MMT in Dec.
  -- 69.0 MMT in 2009-10
• ARGENTINA WHEAT: 14.0 MMT; compares to 13.5 MMT in Dec.
  -- 11.0 MMT in 2009-10
• AUSTRALIA WHEAT: 25.0 MMT; compares to 25.5 MMT in Dec.
  -- 21.92 MMT in 2009-10
• CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in Dec.
  -- 115.12 MMT in 2009-10
• CANADA WHEAT: 23.17 MMT; compares to 23.17 MMT in Dec.
  -- 26.85 MMT in 2009-10
• EU-27 WHEAT: 136.53 MMT; compares to 136.23 MMT in Dec.
  -- 138.05 MMT in 2009-10
• RUSSIA WHEAT: 41.5 MMT; compares to 41.5 MMT in Dec.
  -- 61.7 MMT in 2009-10
• FSU-12 WHEAT: 81.33 MMT; compares to 82.63 MMT in Dec.
  -- 113.84 MMT in 2009-10
• CHINA CORN: 168.0 MMT; compares to 168.0 MMT in Dec.
  -- 158.0 MMT in 2009-10
• ARGENTINA CORN: 23.5 MMT; compares to 25.0 MMT in Dec.
  -- 22.8 MMT in 2009-10
• SOUTH AFRICA CORN: 12.5 MMT; compares to 12.5 MMT in Dec.
  -- 13.42 MMT in 2009-10
• BRAZIL CORN: 51.0 MMT; compares to 51.0 MMT in Dec.
  -- 56.1 MMT in 2009-10
• CHINA COTTON: 30.0 mil. bales; compares to 30.0 mil. bales in Dec.
  -- 32.0 mil. bales in 2009-10

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