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

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.