PF Analysts Outline Key Numbers from Ag Dept. Reports This Morning

December 9, 2009 06:00 PM
 

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:

 

** 2009 CROP PRODUCTION **

  • COTTON: 12.592 million bales; trade expected 12.36 million bales
    -- compares to 12.496 mil. bales in Nov.; 12.82 mil. bales in 2008

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

  • CORN: 1.675 billion bu.; up from Nov. proj. of 1.625 billion bu.
    -- compares to 1.674 billion bu. in 2008-09
  • BEANS: 255 million bu.; down from Nov. proj. of 270 million bu.
    -- compares to 138 million bu. in 2008-09
  • WHEAT: 900 million bu.; up from Nov. proj. of 885 million bu.
    -- compares to 667 million bu. in 2008-09
  • COTTON: 4.5 million bales; down from Nov. proj. of 4.9 million bales
    -- compares to 6.2 million bales in 2008-09

** 2009-10 GLOBAL CARRYOVER **

  • CORN: 132.34 MMT; compares to 132.41 MMT in Nov.;
    145.44 MMT in 2008-09
  • BEANS: 57.09 MMT; compares to 57.39 MMT in Nov.;
    42.39 MMT in 2008-09
  • WHEAT: 190.91 MMT; compares to 188.28 MMT in Nov.;
    163.75 MMT in 2008-09
  • COTTON: 51.81 mil. bales; compares to 53.72 mil. bales in Nov.;
    61.12 million bales in 2008-09

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINE BEANS: 53.0 MMT -- compares to 53.0 MMT in Nov.;
    32.0 MMT in 2008-09
  • BRAZIL BEANS: 63.0 MMT -- compares to 63.0 MMT in Nov.;
    57.0 MMT in 2008-09
  • ARGENTINE WHEAT: 8.0 MMT -- compares to 8.0 MMT in Nov.;
    8.4 MMT in 2008-09
  • AUSTRALIA WHEAT: 22.5 MMT -- compares to 23.5 MMT in Nov.;
    20.94 MMT in 2008-09
  • CHINA WHEAT: 114.5 MMT -- compares to 114.5 MMT in Nov.;
    112.46 MMT in 2008-09
  • CANADA WHEAT: 26.5 MMT -- compares to 24.0 MMT in Nov.;
    28.61 MMT in 2008-09
  • EU-27 WHEAT: 138.34 MMT; -- compares to 138.01 MMT in Nov.;
    151.07 MMT in 2008-09
  • CHINA CORN: 155.0 MMT -- compares to 155.0 MMT in Nov.;
    165.9 MMT in 2008-09
  • ARGENTINE CORN: 14.0 MMT -- compares to 14.0 MMT in Nov.;
    12.6 MMT in 2008-09
  • SOUTH AFRICA CORN: 11.5 MMT -- compares to 11.5 MMT in Nov.;
    12.57 MMT in 2008-09
  • BRAZIL CORN: 51.0 MMT -- compares to 51.0 MMT in Nov.;
    51.0 MMT in 2008-09
  • CHINA COTTON: 31.5 MIL. BALES -- compares to 31.5 MIL. BALES in Nov.;
    36.7 MIL. BALES in 2008-09

Copyright 2009 Professional Farmers of America. All Rights Reserved. Retransmission or redistribution of contents of this service is strictly prohibited without written permission of Professional Farmers of America.

Sales: 1-800-772-0023
Email: editors@profarmer.com

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