February 28, 2005

 

 

2004 US crop soybeans entries 351.854 million bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.102mln bu, a decrease of 0.002 mln bushels during the week ended Feb 22, according to USDA preliminary figures.

 

Total 2004-crop entries into the 9-mo price support loan program reported 351.854 mln bu, down 1.753 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 Feb 15.

 

Source: USDA

 

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

                      Outstanding      Outstanding

                  9-Month  Change    9-Month    Change

Alabama          0        unch          129       unch

Arkansas         0        unch       9,707       -164

Califormia       0        unch           3          unch

Colorado         0        unch          26        unch

Conn              0        unch          10         unch

Delaware        0        unch         550        -12

Florida            0        unch          44        unch

Georgia          0        unch         436         28

Illinois           41        -2          33,743      171

Indiana           0       unch       25,784      -189

Iowa             20       unch       98,147      -584

Kansas           5       unch         6,849       -48

Kentucky        0       unch        2,642        -11

Louisiana        0       unch         245          -8

Maryland        0       unch       1,053        unch

Michigan         3       unch       6,977         24

Minnesota      19      unch      52,806       -377

Mississippi       0      unch       1,142        -58

Missouri          0      unch       20,637       75

Montana          0      unch           7          unch

Nebraska        0      unch      26,497      -177

New Jersey     0      unch         275           1

New Mexico     0      unch           0          unch

New York        0      unch       1,673        -6

N Carolina       0     unch       4,555        171

N Dakota         0     unch       6,233        -98

Ohio                4     unch      17,420       -227

Oklahoma        0     unch         329         -25

Pennsylvania    0     unch       1,376         15

S Carolina        0    unch       1,878          -1

S Dakota         -1    unch      20,404       -222

Tennessee       0     unch       1,182          -1

Texas              1     unch         413         unch

Vermont          0     unch           1           unch

Virginia            0     unch       2,448          1

W Virginia        0     unch         143          -3

Wisconsin       10     unch       6,090        -28

Total US        102       -2     351,854     -1,753