USDA August 2012 Report Snapshot

August 10, 2012 02:27 AM
 

Following is a snapshot of key data from this morning's USDA Crop Production and Supply & Demand Reports:

 

 

 

 

2012 Crop Production

USDA

Avg.

Range

July

2011

in billion bushels

Corn

10.779

10.971

9.860-11.750

12.970

12.358

Soybeans

2.692

2.786

2.400-2.925

3.050

3.056

All wheat

2.268

2.220

2.112-2.294

2.224

1.999

All winter wheat

1.68

1.665

1.610-1.707

1.670

1.494

Other spring wheat

0.500

0.488

0.444-0.542

0.472

0.455

Durum

0.086

0.084

0.079-0.092

0.082

0.050

Cotton (mil. bales)

17.651

16.8

16.4-17.8

17.0

15.6

 

2011-12 carryover

USDA

Avg.

Range

USDA July

2010-11

in billion bushels

Corn

1.021

0.945

0.750-1.183

0.903

1.128

Soybean

0.145

0.157

0.138-0.200

0.170

0.215

 

2012-13 carryover

USDA

Avg.

Range

July

in billion bushels

Corn

0.650

0.651

0.400-0.850

1.183

Soybeans

0.115

0.115

0.095-0.140

0.130

Wheat

0.698

0.681

0.600-0.718

0.664

Cotton (mil. bales)

5.5

4.7

3.7-5.5

4.8

 

Global carryover in MMT

2012-13
August

2012-13
July

2011-12

Corn

123.33
134.09
135.97

Wheat

177.17
182.44
197.59

Soybeans

53.38
55.66
51.94

Meal

7.53
8.59
8.56

Soyoil

1.98
2.23
3.11

Cotton

74.67
72.39
67.80

 

Global crop projections

2012-13
August

2012-13
July

2011-12

Million Metric Tons

Australia wheat

26.0
26.0
29.50

Canada wheat

26.6
26.6
25.26

Argentine wheat

11.5
12.0
15.0

China wheat

118.0
118.0
117.92

EU-27 wheat

132.9
133.14
137.4

FSU-12 wheat

82.96
88.56
114.42

South Africa corn

13.0
13.0
11.5

Argentina corn

28.0

25.0

21.0

Brazil corn

70.0
67.0
72.8

China corn

200.0
195.0
192.78

Brazil soybeans

81.0
78.0
65.5

Argentine soybeans

55.0
55.0
41.0

China soybeans

12.6
12.6
13.5

India cotton

23.5
24.0
26.5

Australia cotton

4.25
4.25
4.9

China cotton

31.0
30.5
33.5

Pakistan cotton

9.7
9.7
10.6

 


 

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