PF Analysts Highlight Key Data from Nov. USDA Reports

November 9, 2010 02:53 AM
 

From Pro Farmer

Roger Bernard

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 CROP PRODUCTION **

  • CORN: 12.540 billion bu.; trade expected 12.545 billion bu.
    -- compares to Oct. est. of 12.664 bil. bu.; 13.110 bil. bu. in 2009
  • BEANS: 3.375 billion bu.; trade expected 3.426 billion bu.
    -- compares to Oct. est. of 3.408 bil. bu.; 3.359 bil. bu. in 2009
  • COTTON: 18.418 million bales
    -- compares to Oct. est. of 18.873 mil. bales; 12.19 mil. bales in 2009

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

  • CORN: 827 million bu.; down from Oct. projection of 902 million bu.
    -- compares to 1.708 billion bu. in 2009-10
  • BEANS: 185 million bu.; down from Oct. projection of 265 million bu.
    -- compares to 151 million bu. in 2009-10
  • WHEAT: 848 million bu.; down from Oct. projection of 853 million bu.
    -- compares to 973 million bu. in 2009-10
  • COTTON: 2.2 million bales; down from Oct. projection of 2.7 mil. bales
    -- compares to 2.95 million bales in 2009-10

** GLOBAL CARRYOVER **

  • CORN: 129.36 MMT; down from 132.36 MMT in Oct.
    -- 147.95 MMT in 2009-10
  • BEANS: 61.41 MMT; virtually unch. from 61.42 MMT in Oct.
    -- 60.40 MMT in 2009-10
  • WHEAT: 172.51 MMT; down from 174.66 MMT in Oct.
    -- 195.40 MMT in 2009-10
  • COTTON: 42.2 mil. bales; down from 44.66 mil. bales in Oct.
    -- 43.65 mil. bales in 2009-10

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINA BEANS: 52.0 MMT; compares to 50.0 MMT in Oct.
    -- 54.5 MMT in 2009-10
  • BRAZIL BEANS: 67.5 MMT; compares to 67.0 MMT in Oct.
    -- 69.0 MMT in 2009-10
  • ARGENTINA WHEAT: 13.5 MMT; compares to 12.0 MMT in Oct.
    -- 10.5 MMT in 2009-10
  • AUSTRALIA WHEAT: 24.0 MMT; compares to 23.0 MMT in Oct.
    -- 22.5 MMT in 2009-10
  • CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in Oct.
    -- 115.12 MMT in 2009-10
  • CANADA WHEAT: 22.2 MMT; compares to 22.2 MMT in Oct.
    -- 26.85 MMT in 2009-10
  • EU-27 WHEAT: 136.26 MMT; compares to 135.63 MMT in Oct.
    -- 138.06 MMT in 2009-10
  • RUSSIA WHEAT: 42.0 MMT; compares to 42.5 MMT in Oct.
    -- 61.7 MMT in 2009-10
  • FSU-12 WHEAT: 83.03 MMT; compares to 84.56 MMT in Oct.
    -- 113.84 MMT in 2009-10
  • CHINA CORN: 168.0 MMT; compares to 166.0 MMT in Oct.
    -- 158.0 MMT in 2009-10
  • ARGENTINA CORN: 25.0 MMT; compares to 25.0 MMT in Oct.
    -- 22.5 MMT in 2009-10
  • SOUTH AFRICA CORN: 12.5 MMT; compares to 12.5 MMT in Oct.
    -- 14.0 MMT in 2009-10
  • BRAZIL CORN: 51.0 MMT; compares to 51.0 MMT in Oct.
    -- 56.1 MMT in 2009-10
  • CHINA COTTON: 30.0 mil. bales; compares to 31.5 mil. bales in Oct.
    -- 32.0 mil. bales in 2009-10

 

Copyright 2010 Professional Farmers of America.

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