PF Analysts Highlight Key USDA Report Data

August 12, 2010 05:23 AM
 
Untitled Document

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: 13.365 billion bu.; trade expected 13.282 billion bu.
    -- compares to July proj. of 13.245 bil. bu.; 13.110 bil. bu. in 2009
  • BEANS: 3.433 billion bu.; trade expected 3.366 billion bu.
    -- compares to July proj. of 3.345 bil. bu.; 3.359 bil. bu. in 2009
  • COTTON: 18.534 million bales; trade expected 18.740 million bales
    -- compares to July proj. of 18.300 mil. bales; 12.190 mil. bales in 2009
  • ALL WHEAT: 2.265 billion bu.; trade expected 2.233 billion bu.
    -- compares to 2.216 billion bu. in July; 2.216 billion bu. in 2009
  • ALL WINTER WHEAT: 1.523 billion bu.; trade expected 1.509 billion bu.
    -- compares to 1.505 billion bu. in July; 1.523 billion bu. in 2009
  • OTHER SPRING: 633.2 million bu.; trade expected 616 million bu.
    -- compares to 607 million bu. in July; 584 million bu. in 2009
  • DURUM: 108.8 million bu.; trade expected 105 million bu.
    -- compares to 104 million bu. in July; 109 million bu. in 2009

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

  • CORN: 1.426 billion bu.; down from July est. of 1.478 billion bu.
    -- compares to 1.673 billion bu. in 2008-09
  • BEANS: 160 million bu.; down from July est. of 175 million bu.
    -- compares to 138 million bu. in 2008-09
  • COTTON: 3.1 million bales; up from July est. of 2.9 million bales
    -- compares to 6.2 million bales in 2008-09

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

  • CORN: 1.312 billion bu.; down from July proj. of 1.373 billion bu.
  • BEANS: 360 million bu.; unch from July proj. of 360 million bu.
  • WHEAT: 952 billion bu.; down from July proj. of 1.093 billion bu.
  • COTTON: 3.2 million bales; down from July proj. of 3.5 mil. bales

** GLOBAL CARRYOVER **

  • CORN: 139.2 MMT; down from 141.08 MMT in July
    -- 139.03 MMT in 2009-10
  • BEANS: 64.73 MMT; down from 67.76 MMT in July
    -- 63.52 MMT in 2009-10
  • WHEAT: 174.76 MMT; down sharply from 187.05 MMT in July
    -- 193.97 MMT in 2009-10
  • COTTON: 45.61 mil. bales; down sharply from 49.91 mil. bales in July
    -- 47.58 mil. bales in 2009-10

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINA BEANS: 50.0 MMT; compares to 50.0 MMT in July
    -- 54.5 MMT in 2009-10
  • BRAZIL BEANS: 65.0 MMT; compares to 65.0 MMT in July
    -- 69.0 MMT in 2009-10
  • ARGENTINA WHEAT: 12.0 MMT; compares to 12.0 MMT in July
    -- 9.6 MMT in 2009-10
  • AUSTRALIA WHEAT: 23.0 MMT; compares to 22.0 MMT in July
    -- 22.5 MMT in 2009-10
  • CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in July
    -- 115 MMT in 2009-10
  • CANADA WHEAT: 20.5 MMT; compares to 20.5 MMT in July
    -- 26.5 MMT in 2009-10
  • EU-27 WHEAT: 137.51 MMT; compares to 141.82 MMT in July
    -- 138.20 MMT in 2009-10
  • CHINA CORN: 166.0 MMT; compares to 166.0 MMT in July
    -- 155.0 MMT in 2009-10
  • ARGENTINA CORN: 21.0 MMT; compares to 21.0 MMT in July
    -- 22.5 MMT in 2009-10
  • SOUTH AFRICA CORN: 12.5 MMT; compares to 12.5 MMT in July
    -- 14.0 MMT in 2009-10
  • BRAZIL CORN: 51.0 MMT; compares to 51.0 MMT in July
    -- 54.35 MMT in 2009-10
  • CHINA COTTON: 33.0 mil. bales; compares to 33.0 mil. bales in July
    -- 32.5 mil. bales in 2009-10

 

Copyright 2010 Professional Farmers of America.

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