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:
** WINTER WHEAT PRODUCTION **
ALL WHEAT: 2.067 billion bu.; trade expected 2.054 billion bu.
-- compares to 2.043 billion bu. in May; 2.216 billion bu. in 2009
ALL WINTER WHEAT: 1.482 billion bu.; trade expected 1.453 billion bu.
-- compares to 1.458 billion bu. in May; 1.523 billion bu. in 2009
HRW: 979.2 million bu.; trade expected 939 million bu.
-- compares to 960.4 million bu. in May; 919 million bu. in 2009
SRW: 284 million bu.; trade expected 288 million bu.
-- compares to 283.5 million bu. in May; 404 million bu. in 2009
WHITE WINTER: 219.2 million bu.; trade expected 217 million bu.
-- compares to 214.5 million bu. in May; 200 million bu. in 2009
** 2009-10 U.S. CARRYOVER **
CORN: 1.603 billion bu.; down from May est. of 1.738 billion bu.
-- compares to 1.674 billion bu. in 2008-09
BEANS: 185 million bu.; down from May est. of 190 million bu.
-- compares to 138 million bu. in 2008-09
WHEAT: 930 million bu.; down from May est. of 950 million bu. -- compares to 657 million bu. in 2008-09
COTTON: 2.9 million bales; down from May est. of 3.1 million bales -- compares to 6.2 million bales in 2008-09
** 2010-11 U.S. CARRYOVER **
CORN: 1.573 billion bu.; down from May proj. of 1.818 billion bu.
BEANS: 360 million bu.; down from May proj. of 365 million bu.
WHEAT: 991 million bu.; down from May proj. of 997 million bu.
COTTON: 2.8 million bales; down from May proj. of 3.0 mil. bales
** 2009-10 GLOBAL CARRYOVER **
CORN: 143.41 MMT; down from 147.04 MMT in May
-- 147.32 MMT in 2010-11
BEANS: 65.47 MMT; up from 63.76 MMT in May
-- 66.99 MMT in 2010-11
WHEAT: 192.9 MMT; down from 193.37 MMT in May
-- 193.93 MMT in 2010-11
COTTON: 52.21 mil. bales; down from 52.75 mil. bales in May
-- 49.59 mil. bales in 2010-11
** 2009-10 GLOBAL PRODUCTION HIGHLIGHTS **
ARGENTINA BEANS: 54.0 MMT; compares to 54.0 MMT in May
-- 50.0 MMT in 2010-11
BRAZIL BEANS: 69.0 MMT; compares to 68.0 MMT in May
-- 65.0 MMT in 2010-11
ARGENTINA WHEAT: 9.6 MMT; compares to 9.6 MMT in May
-- 12.0 MMT in 2010-11
AUSTRALIA WHEAT: 22.5 MMT; compares to 22.5 MMT in May
-- 22.0 MMT in 2010-11
CHINA WHEAT: 114.5 MMT; compares to 114.5 MMT in May
-- 112.0 MMT in 2010-11
CANADA WHEAT: 26.5 MMT; compares to 26.5 MMT in May
-- 24.5 MMT in 2010-11
EU-27 WHEAT: 138.88 MMT; compares to 138.88 MMT in May
-- 142.97 MMT in 2010-11
CHINA CORN: 155.0 MMT; compares to 155.0 MMT in May
-- 166.0 MMT in 2010-11
ARGENTINA CORN: 22.5 MMT; compares to 21.0 MMT in May
-- 21.0 MMT in 2010-11
SOUTH AFRICA CORN: 14.0 MMT; compares to 14.0 MMT in May
-- 12.5 MMT in 2010-11
BRAZIL CORN: 53.0 MMT; compares to 53.5 MMT in May
-- 51.0 MMT in 2010-11
CHINA COTTON: 32.5 mil. bales; compares to 32.5 mil. bales in May
-- 33.0 mil. bales in 2010-11
