TAGS: Marketing, Overseas
December 18, 2014
Following is a snapshot of key data from this morning's USDA Crop Production and Supply & Demand Reports:
|
2012 Crop Production
|
USDA
|
Avg.
|
Range
|
Nov.
|
2011
|
|
in billion bushels
|
|
Cotton (mil. bales)
|
17.257
|
17.90
|
17.4-17.8
|
17.5
|
15.6
|
|
2012-13 carryover
|
USDA
|
Avg.
|
Range
|
USDA Nov.
|
2011-12
|
|
in billion bushels
|
|
Corn
|
0.647
|
0.666
|
0.493-0.752
|
0.647
|
0.988
|
|
Soybeans
|
0.130
|
0.135
|
0.123-0.145
|
0.140
|
0.169
|
|
Wheat
|
0.754
|
0.718
|
0.690-0.754
|
0.704
|
0.743
|
|
Cotton (mil. bales)
|
5.40
|
5.50
|
4.50-6.00
|
05.80
|
3.35
|
|
Global carryover in MMT
|
2012-13 December
|
2012-13 November
|
2011-12
|
|
Corn
|
117.61
|
117.99
|
131.04
|
|
Wheat
|
176.95
|
174.18
|
195.77
|
|
Soybeans
|
59.93
|
60.02
|
56.00
|
|
Meal
|
9.56
|
9.05
|
10.07
|
|
Soyoil
|
3.00
|
2.90
|
3.82
|
|
Cotton
|
79.64
|
80.27
|
69.18
|
|
Global crop projections
|
2012-13 December
|
2012-13 November
|
2011-12
|
|
Million Metric Tons
|
|
Australia wheat
|
22.0
|
21.0
|
29.92
|
|
Canada wheat
|
27.2
|
26.7
|
25.29
|
|
Argentine wheat
|
11.5
|
11.5
|
15.5
|
|
China wheat
|
120.6
|
118.0
|
117.4
|
|
EU-27 wheat
|
131.73
|
131.82
|
137.23
|
|
FSU-12 wheat
|
77.79
|
77.79
|
114.80
|
|
South Africa corn
|
13.5
|
13.5
|
12.42
|
|
Argentina corn
|
27.5
|
28.0
|
21.0
|
|
Brazil corn
|
70.0
|
70.0
|
73.0
|
|
China corn
|
208.0
|
200.0
|
192.78
|
|
Brazil soybeans
|
81.0
|
81.0
|
66.5
|
|
Argentine soybeans
|
55.0
|
55.0
|
41.0
|
|
China soybeans
|
12.6
|
12.6
|
14.48
|
|
India cotton
|
25.5
|
25.5
|
27.5
|
|
Australia cotton
|
4.00
|
4.25
|
5.5
|
|
China cotton
|
31.5
|
31.5
|
33.10
|
|
Pakistan cotton
|
10.0
|
10.0
|
10.6
|