Pro Farmer Analysts Highlight Key Dec. USDA Data

December 10, 2010 02:42 AM
 

From Pro Farmer

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 **

  • COTTON: 18.268 million bales
    -- compares to Nov. est. of 18.418 mil. bales; 12.19 mil. bales in 2009

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

  • CORN: 832 million bu.; up from Nov. proj. of 827 million bu.
    -- compares to 1.708 billion bu. in 2009-10
  • BEANS: 165 million bu.; down from Nov. proj. of 185 million bu.
    -- compares to 151 million bu. in 2009-10
  • WHEAT: 858 million bu.; up from Nov. proj. of 848 million bu.
    -- compares to 973 million bu. in 2009-10
  • COTTON: 1.9 million bales; down from Nov. proj. of 2.2 mil. bales
    -- compares to 2.95 million bales in 2009-10

** GLOBAL CARRYOVER **

  • CORN: 130.00 MMT; up from 129.16 MMT in Nov.
    -- 147.19 MMT in 2009-10
  • BEANS: 60.12 MMT; down from 61.41 MMT in Nov.
    -- 60.41 MMT in 2009-10
  • WHEAT: 176.72 MMT; up from 172.51 MMT in Nov.
    -- 196.68 MMT in 2009-10
  • COTTON: 43.39 mil. bales; up from 42.2 mil. bales in Nov.
    -- 44.0 mil. bales in 2009-10

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINA BEANS: 52.0 MMT; compares to 52.0 MMT in Nov.
    -- 54.5 MMT in 2009-10
  • BRAZIL BEANS: 67.5 MMT; compares to 67.5 MMT in Nov.
    -- 69.0 MMT in 2009-10
  • ARGENTINA WHEAT: 13.5 MMT; compares to 13.5 MMT in Nov.
    -- 10.5 MMT in 2009-10
  • AUSTRALIA WHEAT: 25.5 MMT; compares to 24.0 MMT in Nov.
    -- 21.92 MMT in 2009-10
  • CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in Nov.
    - - 115.12 MMT in 2009-10
  • CANADA WHEAT: 23.17 MMT; compares to 22.2 MMT in Nov.
    -- 26.85 MMT in 2009-10
  • EU-27 WHEAT: 136.23 MMT; compares to 136.26 MMT in Nov.
    -- 138.05 MMT in 2009-10
  • RUSSIA WHEAT: 41.5 MMT; compares to 42.0 MMT in Nov.
    -- 61.7 MMT in 2009-10
  • FSU-12 WHEAT: 82.63 MMT; compares to 83.03 MMT in Nov.
    -- 113.84 MMT in 2009-10
  • CHINA CORN: 168.0 MMT; compares to 168.0 MMT in Nov.
    -- 158.0 MMT in 2009-10
  • ARGENTINA CORN: 25.0 MMT; compares to 25.0 MMT in Nov.
    -- 22.5 MMT in 2009-10
  • SOUTH AFRICA CORN: 12.5 MMT; compares to 12.5 MMT in Nov.
    -- 13.42 MMT in 2009-10
  • BRAZIL CORN: 51.0 MMT; compares to 51.0 MMT in Nov.
    -- 56.1 MMT in 2009-10
  • CHINA COTTON: 30.0 mil. bales; compares to 30.0 mil. bales in Nov.
    -- 32.0 mil. bales in 2009-10

 

Copyright 2010 Professional Farmers of America.

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