PF Analysts Highlight Key USDA Report Data

July 9, 2009 07:00 PM
 

From Pro Farmer

Roger Bernard

Note: You can see Pro Farmer's full report reaction on the Pro Farmer page -- it's available to anyone now but will soon be reserved only for Pro Farmer Members. To become a member, call 1-800-772-0023 for more information.

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

 

** WINTER WHEAT PRODUCTION **

  • ALL WHEAT: 2.016 billion bu.; trade expected 2.021 billion bu.
    -- compares to 2.026 bil. bu. in May; 2.500 bil. bu. in 2008
  • ALL WINTER WHEAT: 1.492 billion bu.; trade expected 1.496 billion bu.
    -- compares to 1.502 bil. bu. in May; 1.868 bil. bu. in 2008
  • HRW: 867.6 million bu.; trade expected 871 million bu.
    -- compares to 871.4 mil. bu. in May; 1.035 bil. bu. in 2008
  • SRW: 415.4 million bu.; trade expected 417 million bu.
    -- compares to 422.3 mil. bu. in May; 614 mil. bu. in 2008
  • WHITE WINTER: 208.7 million bu.; trade expected 208 million bu.
    -- compares to 208.4 mil. bu. in May; 219 mil. bu. in 2008

** 2008-09 U.S. CARRYOVER **

  • CORN: 1.6 billion bu.; unch from May est. of 1.6 billion bu.
  • BEANS: 110 million bu.; down from May est. of 130 million bu.
  • WHEAT: 669 million bu.; unch from May est. of 669 million bu.
  • COTTON: 6.6 million bales; down from May est. of 6.8 million bales

** 2009-10 U.S. CARRYOVERR **

  • CORN: 1.090 billion bu.; down from May proj. of 1.145 billion bu.
  • BEANS: 210 million bu.; down from May proj. of 230 million bu.
  • WHEAT: 647 million bu.; up from May proj. of 637 million bu.
  • COTTON: 5.6 million bales; unch from May proj. of 5.6 million bales

** 2009-10 GLOBAL CARRYOVER **

  • CORN: 125.46 MMT; down from 138.54 MMT in 2008-09
  • BEANS: 51.02 MMT; up from 41.85 MMT in 2008-09
  • WHEAT: 182.65 MMT; up from 168.4 MMT in 2008-09
  • COTTON: 56.54 mil. bales; down from 61.16 mil. bales in 2008-09

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINE BEANS: 32.0 MMT; down from May proj. of 34.0 MMT
    -- 2009-10: 60.0 MMT
  • BRAZIL BEANS: 57.0 MMT; unch from May proj. of 57.0 MMT
    -- 2009-10: 51.0 MMT
  • ARGENTINE WHEAT: 8.4 MMT; unch from May proj. of 8.4 MMT
    -- 2009-10: 11.0 MMT
  • AUSTRALIA WHEAT: 21.5 MMT; unch from May proj. of 21.5 MMT
    -- 2009-10: 23.0 MMT
  • CHINA WHEAT: 112.5 MMT; down from May proj. of 113.0 MMT
    -- 2009-10: 113.5 MMT
  • CANADA WHEAT: 28.61 MMT; unch from May proj. of 28.61 MMT
    -- 2009-10: 25.0 MMT
  • EU-27 WHEAT: 151.57 MMT; unch from May proj. of 151.57 MMT
    -- 2009-10: 135.96 MMT
  • CHINA CORN: 165.5 MMT; unch from May proj. of 165.5 MMT
    -- 2009-10: 162.5 MMT
  • ARGENTINE CORN: 13.0 MMT; unch from May proj. of 13.0 MMT
    -- 2009-10: 15.0 MMT
  • SOUTH AFRICA CORN: 12.0 MMT; unch from May proj. of 12.0 MMT
    -- 2009-10: 11.5 MMT
  • BRAZIL CORN: 50.0 MMT; down from May proj. of 50.5 MMT
    -- 2009-10: 54.0 MMT
  • CHINA COTTON: 35.8 MIL. BALES; unch from May proj. of 35.8 MIL. BALES
    -- 2009-10: 33.0 MIL. BALES

 


Copyright 2009 Professional Farmers of America.

 

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