Pro Farmer Analysts Highlight Key Figures in USDA Production, S&D Reports

July 9, 2010 02:08 PM
 

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 WHEAT PRODUCTION **

  • ALL WHEAT: 2.216 billion bu.; trade expected 2.164 billion bu.
    -- compares to 2.067 billion bu. in June; 2.216 billion bu. in 2009
  • ALL WINTER WHEAT: 1.505 billion bu.; trade expected 1.494 billion bu.
    -- compares to 1.482 billion bu. in June; 1.523 billion bu. in 2009
  • HRW: 1.011 billion bu.; trade expected 996 million bu.
    -- compares to 979.2 million bu. in June; 919 million bu. in 2009
  • SRW: 267.8 million bu.; trade expected 279 million bu.
    -- compares to 284 million bu. in June; 404 million bu. in 2009
  • WHITE WINTER: 226.2 million bu.; trade expected 220 million bu.
    -- compares to 219.2 million bu. in June; 200 million bu. in 2009
  • OTHER SPRING: 606.8 million bu.; trade expected 576 million bu.
    -- compares to 584 million bu. in 2009
  • DURUM: 103.5 million bu.; trade expected 102 million bu.
    -- compares to 109 million bu. on 2009

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

  • CORN: 1.478 billion bu.; down from June est. of 1.603 billion bu.
    -- compares to 1.674 billion bu. in 2008-09
  • BEANS: 175 million bu.; down from June est. of 185 million bu.
    -- compares to 138 million bu. in 2008-09
  • WHEAT: 973 million bu.; up from June est. of 930 million bu.
    -- compares to 657 million bu. in 2008-09
  • COTTON: 2.9 million bales; unch from June est. of 2.9 million bales
    -- compares to 6.2 million bales in 2008-09

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

  • CORN: 1.373 billion bu.; down from June proj. of 1.573 billion bu.
  • BEANS: 360 million bu.; unch from June proj. of 360 million bu.
  • WHEAT: 1.093 billion bu.; up from June proj. of 991 million bu.
  • COTTON: 3.5 million bales; up from June proj. of 2.8 mil. bales

** GLOBAL CARRYOVER **

  • CORN: 139.59 MMT; down from 143.41 MMT in June
    -- 141.08 MMT in 2010-11
  • BEANS: 65.35 MMT; down from 65.47 MMT in June
    -- 66.76 MMT in 2010-11
  • WHEAT: 193.02 MMT; up from 192.9 MMT in June
    -- 187.05 MMT in 2010-11
  • COTTON: 50.99 mil. bales; down from 52.21 mil. bales in June
    -- 49.91 mil. bales in 2010-11

** GLOBAL PRODUCTION HIGHLIGHTS **

  • ARGENTINA BEANS: 50.0 MMT; compares to 50.0 MMT in June
    -- 54.5 MMT in 2009-10
  • BRAZIL BEANS: 65.0 MMT; compares to 65.0 MMT in June
    -- 69.0 MMT in 2009-10
  • ARGENTINA WHEAT: 12.0 MMT; compares to 12.0 MMT in June
    -- 9.6 MMT in 2009-10
  • AUSTRALIA WHEAT: 22.0 MMT; compares to 22.0 MMT in June
    -- 22.5 MMT in 2009-10
  • CHINA WHEAT: 114.5 MMT; compares to 112.0 MMT in June
    -- 115.0 MMT in 2009-10
  • CANADA WHEAT: 20.5 MMT; compares to 24.5 MMT in June
    -- 26.5 MMT in 2009-10
  • EU-27 WHEAT: 141.82 MMT; compares to 142.97 MMT in June
    -- 138.2 MMT in 2009-10
  • CHINA CORN: 166.0 MMT; compares to 166.0 MMT in June
    -- 155.0 MMT in 2009-10
  • ARGENTINA CORN: 21.0 MMT; compares to 21.0 MMT in June
    -- 22.5 MMT in 2009-10
  • SOUTH AFRICA CORN: 12.5 MMT; compares to 12.5 MMT in June
    -- 14.0 MMT in 2009-10
  • BRAZIL CORN: 51.0 MMT; compares to 51.0 MMT in June
    -- 53.0 MMT in 2009-10
  • CHINA COTTON: 33.0 mil. bales; compares to 33.0 mil. bales in June
    -- 32.5 mil. bales in 2009-10

 

Copyright 2010 Professional Farmers of America.

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