Pro Farmer Editors: Report Shocker

October 8, 2010 03:59 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 **

  • CORN: 12.664 billion bu.; trade expected 12.950 billion bu.
    -- compares to Sept. est. of 13.160 bil. bu.; 13.110 bil. bu. in 2009
  • BEANS: 3.408 billion bu.; trade expected 3.491 billion bu.
    -- compares to Sept. est. of 3.483 bil. bu.; 3.359 bil. bu. in 2009
  • COTTON: 18.873 million bales
    -- compares to Sept. est. of 18.841 mil. bales; 12.19 mil. bales in 2009

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

  • CORN: 902 billion bu.; down from Sept. est. of 1.116 billion bu.
    -- compares to 1.708 billion bu. in 2009-10
  • BEANS: 265 million bu.; down from Sept. est. of 350 million bu.
    -- compares to 151 million bu. in 2009-10
    WHEAT: 853 billion bu.; down from Sept. est. of 902 million bu.
    -- compares to 973 million bu. in 2009-10
  • COTTON: 2.7 million bales; unch from Sept. est. of 2.7 mil. bales
    -- compares to 2.95 million bales in 2009-10

** 2010-11 GLOBAL CARRYOVER **

  • CORN: 132.36 MMT; down from 135.56 MMT in Sept.
    -- 148.06 MMT in 2009-10
  • BEANS: 61.42 MMT; down from 63.61 MMT in Sept.
    -- 60.44 MMT in 2009-10
  • WHEAT: 174.66 MMT; down from 177.79 MMT in Sept.
    -- 196.53 MMT in 2009-10
  • COTTON: 44.66 mil. bales; down from 45.44 mil. bales in Sept.
    -- 46.69 mil. bales in 2009-10

      


** 2009-10 GLOBAL PRODUCTION HIGHLIGHTS **

  •  
  • ARGENTINA BEANS: 50.0 MMT; compares to 50.0 MMT in Sept.
    -- 54.5 MMT in 2009-10
  • BRAZIL BEANS: 67.0 MMT; compares to 65.0 MMT in Sept.
    -- 69.0 MMT in 2009-10
  • ARGENTINA WHEAT: 12.0 MMT; compares to 12.0 MMT in Sept.
    -- 10.5 MMT in 2009-10
  • AUSTRALIA WHEAT: 23.0 MMT; compares to 23.0 MMT in Sept.
    -- 22.5 MMT in 2009-10
  • CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in Sept.
    -- 115 MMT in 2009-10
  • CANADA WHEAT: 22.2 MMT; compares to 22.5 MMT in Sept.
    -- 26.85 MMT in 2009-10
  • EU-27 WHEAT: 135.63 MMT; compares to 135.13 MMT in Sept.
    -- 138.01 MMT in 2009-10
  • RUSSIA WHEAT: 42.5 MMT; compares to 42.5 MMT in Sept.
    -- 61.7 MMT in 2009-10
  • FSU-12 WHEAT: 84.56 MMT; compares to 84.56 MMT in Sept.
    -- 113.84 MMT in 2009-10
  • CHINA CORN: 166.0 MMT; compares to 166.0 MMT in Sept.
    -- 155 MMT in 2009-10
  • ARGENTINA CORN: 25.0 MMT; compares to 21.0 MMT in Sept.
    -- 22.5 MMT in 2009-10
  • SOUTH AFRICA CORN: 12.5 MMT; compares to 12.5 MMT in Sept.
    -- 14.0 MMT in 2009-10
  • BRAZIL CORN: 51.0 MMT; compares to 51.0 MMT in Sept.
    -- 56.1 MMT in 2009-10
  • CHINA COTTON: 31.5 mil. bales; compares to 32.5 mil. bales in Sept.
    -- 32.0 mil. bales in 2009-10

 


 

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