January 10, 2005

 

 

2003 Crop Soybeans Entries 0.253 Million Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.253mln bu, a decrease of 0.093 mln bushels during the week ended Jan 4, according to USDA preliminary figures.

 

Total 2004-crop entries into the 9-mo price support loan program reported 307.431 mln bu, up 11.050 mln bu from a week ago.

 

Following is a breakdown of activity in the regular 9-month non-recourse loan program for 2003 & 2004 crop soybeans in 1,000 bu. Changes are from statistics for the period ended Dec 28.

 

Source: USDA

 

               ---2003-crop --   ---2004-crop---

             Outstanding          Outstanding

             9-Month   Change    9-Month    Change

Alabama          0      unch         101      unch

Arkansas         5      unch      10,934      199

Califormia        0      unch           4       unch

Colorado          0      unch          15        9

Delaware         0      unch         564      unch

Florida             0      unch          43       unch

Georgia           0      unch          271       80

Illinois            62      -23       30,333    1,010

Indiana            9       -9        27,921      806

Iowa               63      -34      81,855    2,007

Kansas             5      unch       6,186      170

Kentucky          0      unch       2,892      194

Louisiana          0      unch         292     unch

Maryland           0     unch       1,029       43

Michigan           4      unch       6,390      187

Minnesota         35       -3      41,495     2,023

Mississippi          0     unch       1,199       -6

Missouri            12    unch      16,987    1,130

Montana             0     unch           5       unch

Nebraska           6     unch      20,901      702

New Jersey         0       -3         240       unch

New Mexico        0     unch           0       unch

New York           0     unch       1,377       71

N Carolina        14       -2       3,038       226

N Dakota           0      -19       5,226       297

Ohio                  4     unch      18,004     297

Oklahoma          0     unch         293       18

Pennsylvania      1     unch       1,283      36

S Carolina        7      unch       1,259      106

S Dakota         13     unch      18,606     610

Tennessee         1     unch       1,095       65

Texas             0        unch         355     unch

Vermont           0      unch           2       unch

Virginia          0        unch       1,738      249

W Virginia        0      unch         150        97

Wisconsin        12     unch       5,348      424

Total US        253      -93     307,431    11,050