USDA released the following tables this morning at their 2012 Ag Outlook Forum:
Soybean S&D Data from 2012 USDA Agricultural Outlook Forum, February 24, 2012. 2009/10 2010/11 2011/12 1/ 2012/13 2/ Area planted (mil. ac.) 77.5 77.4 75.0 75.0 Area harvested 76.4 76.6 73.6 74.1 Yield (bu./ac.) 44.0 43.5 41.5 43.9 Production (mil. bu.) 3,359 3,329 3,056 3,250 Beginning stocks 138 151 215 275 Imports 15 14 15 15 Supply 3,512 3,495 3,286 3,540 Crush 1,752 1,648 1,615 1,660 Seed 90 87 88 89 Residual 20 43 32 37 Total domestic use 1,862 1,778 1,736 1,785 Exports 1,499 1,501 1,275 1,550 Total use 3,361 3,280 3,011 3,335 Ending stocks 151 215 275 205 Stocks/use (percent) 4.5 6.6 9.1 6.1 Season-avg. farm price ($/bu.) 9.59 11.30 11.70 11.50 1/ Acreage, yield, production, and beginning stocks are estimates from the National Agricultural Statistics Service. Imports, crush, exports, ending stocks, and season-average farm price are projections from the World Agricultural Supply and Demand Estimates, February 9, 2012. The season-average price is the midpoint of the projected range from the same report. 2/ Projections based on analysis by the USDA s Oilseeds Interagency Commodity Estimates Committee. Note: Totals may not add due to rounding. Wheat S&D data from 2012 Agricultural Outlook Forum, February 24, 2012. 2009/10 2010/11 2011/12 1/ 2012/13 2/ Area planted (mil. ac.) 59.2 53.6 54.4 58.0 Area harvested 49.9 47.6 45.7 48.7 Yield (bu./ac.) 44.5 46.3 43.7 44.5 Production (mil. bu.) 2,218 2,207 1,999 2,165 Beginning stocks 657 976 862 845 Imports 119 97 120 120 Supply 2,993 3,279 2,982 3,130 Feed & residual 150 132 145 180 Food, seed & industrial 988 997 1,017 1,018 Total domestic use 1,138 1,128 1,162 1,198 Exports 879 1,289 975 975 Total use 2,018 2,417 2,137 2,173 Ending stocks 976 862 845 957 Stocks/use (percent) 48.4 35.7 39.5 44.0 Season-avg. farm price ($/bu.) 4.87 5.70 7.30 6.30 1/ Acreage, yield, production, and beginning stocks are estimates from the National Agricultural Statistics Service. Imports, use, ending stocks, and season-average farm price are projections from the World Agricultural Supply and Demand Estimates, February 9, 2012. The season-average price is the midpoint of the projected range from the same report. 2/ Projections based on analysis by USDA s Wheat Interagency Commodity Estimates Committee. Note: Totals may not add due to rounding. Corn S&D data from 2012 USDA Agricultural Outlook Forum, February 24, 2012. 2009/10 2010/11 2011/12 1/ 2012/13 2/ Area planted (mil. ac.) 86.4 88.2 91.9 94.0 Area harvested 79.5 81.4 84.0 87.0 Yield (bu./ac.) 164.7 152.8 147.2 164.0 Production (mil. bu.) 13,092 12,447 12,358 14,270 Beginning stocks 1,673 1,708 1,128 801 Imports 8 28 20 15 Supply 14,774 14,182 13,506 15,086 Feed & residual 5,125 4,793 4,600 5,200 Ethanol 3/ 4,591 5,021 5,000 4,950 Food, seed & other industrial 1,370 1,407 1,405 1,420 Total food, seed & industrial 5,961 6,428 6,405 6,370 Total domestic use 11,086 11,220 11,005 11,570 Exports 1,980 1,835 1,700 1,900 Total use 13,066 13,055 12,705 13,470 Ending stocks 1,708 1,128 801 1,616 Stocks/use (percent) 13.1 8.6 6.3 12.0 Season-avg. farm price ($/bu.) 3.55 5.18 6.20 5.00
