PF Analysts Highlight Key Figures from Today's USDA Reports

September 10, 2010 03:53 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: 13.160 billion bu.; trade expected 13.199 billion bu.
    -- compares to Aug. est. of 13.365 bil. bu.; 13.110 bil. bu. in 2009
  • BEANS: 3.483 billion bu.; trade expected 3.406 billion bu.
    -- compares to Aug. est. of 3.433 bil. bu.; 3.359 bil. bu. in 2009
  • COTTON: 18.841 million bales; trade expected 18.49 million bales
    -- compares to Aug. est. of 18.534 mil. bales; 12.190 mil. bales in 2009

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

  • CORN: 1.386 billion bu.; down from Aug. est. of 1.426 billion bu.
    -- compares to 1.673 billion bu. in 2008-09
  • BEANS: 150 million bu.; down from Aug. est. of 160 million bu.
    -- compares to 138 million bu. in 2008-09
  • COTTON: 3.0 million bales; down from Aug. est. of 3.1 million bales.
    -- compares to 6.34 million bales in 2008-09

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

  • CORN: 1.116 billion bu.; down from Aug. est. of 1.312 billion bu.
  • BEANS: 350 million bu.; down from Aug. est. of 360 million bu.
  • WHEAT: 902 billion bu.; down from Aug. est. of 952 million bu.
  • COTTON: 2.7 million bales; down from Aug. est. of 3.2 mil. bales

** GLOBAL CARRYOVER **

  • CORN: 135.56 MMT; down from 139.2 MMT in August
    -- 138.99 MMT in 2009-10
  • BEANS: 63.61 MMT; down from 64.73 MMT in August
    -- 62.85 MMT in 2009-10
  • WHEAT: 177.79 MMT; up from 174.76 MMT in August
    -- 195.97 MMT in 2009-10
  • COTTON: 45.44 mil. bales; down from 45.61 mil. bales in August
    -- 46.98 mil. bales in 2009-10

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINA BEANS: 50.0 MMT; compares to 50.0 MMT in August
    -- 54.5 MMT in 2009-10
  • BRAZIL BEANS: 65.0 MMT; compares to 65.0 MMT in August
    -- 69.0 MMT in 2009-10
  • ARGENTINA WHEAT: 12.0 MMT; compares to 12.0 MMT in August
    -- 9.6 MMT in 2009-10
  • AUSTRALIA WHEAT: 23.0 MMT; compares to 23.0 MMT in August
    -- 22.5 MMT in 2009-10
  • CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in August
    -- 115 MMT in 2009-10
  • CANADA WHEAT: 22.5 MMT; compares to 20.5 MMT in August
    -- 26.52 MMT in 2009-10
  • EU-27 WHEAT: 135.13 MMT; compares to 137.51 MMT in August
    -- 138.31 MMT in 2009-10
  • RUSSIA WHEAT: 42.5 MMT; compares to 45.0 MMT in August
    -- 61.7 MMT in 2009-10
  • FSU-12 WHEAT: 84.56 MMT; compares to 87.21 MMT in August
    -- 113.84 MMT in 2009-10
  • CHINA CORN: 166.0 MMT; compares to 166.0 MMT in August
    -- 155.0 MMT in 2009-10
  • ARGENTINA CORN: 21.0 MMT; compares to 21.0 MMT in August
    -- 22.5 MMT in 2009-10
  • SOUTH AFRICA CORN: 12.5 MMT; compares to 12.5 MMT in August
    -- 14.0 MMT in 2009-10
  • BRAZIL CORN: 51.0 MMT; compares to 51.0 MMT in August
    -- 56.1 MMT in 2009-10
  • CHINA COTTON: 32.5 mil. bales; compares to 33.0 mil. bales in August
    -- 32.0 mil. bales in 2009-10

 

Copyright 2010 Professional Farmers of America.

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