10/12: USDA October Report Snapshot

USDA releases Crop Production and S&D Reports.

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

2011-12 carryover

USDA

Avg.

Range

USDA Sept.

2010-11

in billion bushels

Corn

0.866

0.795

0.646-0.989

0.672

1.128

Soybeans

0.160

0.181

0.153-0.255

0.165

0.215

Wheat

0.837

0.747

0.674-0.810

0.761

0.861

Cotton (mil. bales

3.90

NA

NA

3.40

2.60

Crop Production

USDA

Avg.

Range

Sept.

2010

in billion bushels

Corn

12.433

12.492

12.342-12.69

12.497

12.447

Soybeans

3.06

3.094

3.050-3.162

3.085

3.329

Cotton (mil. bales)

16.608

16.03

15.4-16.47

16.56

18.10

Global carryover in MMT

2011-12
October

2011-12
September

2010-11

Corn

123.19
117.39
129.76

Wheat

202.37
194.59
195.60

Soybeans

63.01
62.55
69.26

Meal

8.01
7.17
7.49

Soyoil

2.58
2.49
3.02

Cotton

54.83
51.91
44.87

Global crop projections

2011-12
October

2011-12
September

2010-11

Million Metric Tons

Australia wheat

26.0
25.0
26.0

Canada wheat

24.2
24.0
23.17

Argentine wheat

13.5
13.5
15.0

China wheat

117.0
117.0
115.18

EU-27 wheat

136.33
135.79
135.61

FSU-12 wheat

110.45
107.45
80.97

South Africa corn

12.5
12.5
12.0

Argentina corn

27.5

27.5

22.5

Brazil corn

61.0
61.0
57.5

China corn

182.0
178.0
177.25

Brazil soybeans

73.5
73.5
75.5

Argentine soybeans

53.0
53.0
49.0

China soybeans

14.0
14.0
15.1

India cotton

27.5
27.0
25.4

Australia cotton

5.0
4.5
4.2

China cotton

33.5
34.0
30.5

Pakistan cotton

10.0
9.8
8.80


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