July 13, 2004

Summary For Grain Production, Supply/Demand Tables

The following table is released in conjunction with the U.S. Department of Agriculture's July U.S. production, U.S. and world supply and demand reports. The reports were released Monday morning.
 
U.S. estimates are in billions of bushels except soyoil, which is in billions of pounds. Soymeal is in short tons. Cotton is in millions of 480-pound bales. Rice is in million hundredweight. World crop forecasts are in millions of metric tons.
 
                                          USDA U.S. Wheat Production
 
                            Monday's      Average        Range        June       2003
                            estimate                                    USDA      Output
 
All Wheat                 2.059        2.079       2.047-2.154     2.061      2.337
 
Total Winter Wheat   1.470        1.501       1.485-1.521     1.531      1.707
 
Hard Red Winter      0.838        0.857       0.827-0.880     0.887      1.063
 
Soft Red Winter       0.383        0.395       0.390-0.402     0.397      0.379
 
White Winter           0.248        0.247       0.235-0.268     0.247      0.265
 
Other Spring Wheat 0.500        0.490       0.465-0.531      n/a       0.533
 
Durum                    0.088        0.089       0.082-0.102      n/a       0.097
 
 
  ...............................................................
 
                     USDA U.S. Grain, Cotton Carryout
           Monday's       June            Monday's         June
           2004-05         2004-05        2003-04         2003-04
           estimate        estimate       carryout        estimate
 
Soybeans    0.210           0.220          0.105           0.115
 
Corn        0.991           0.741          0.896           0.806
 
Wheat       0.494           0.495          0.546           0.541
 
Soyoil      1.196           1.241          1.036           1.021
 
Soymeal  250,000        250,000      175,000        175,000
 
Cotton      4.50            3.90           3.60            3.60
 
Rice        27.7            24.8           23.8            21.9
 
  ...............................................................
 
                          USDA World Carryover
               Monday's     June        Monday's     June
               2004-05    2004-05       2003-04    2003-04
               estimate   estimate      carryout   estimate
 
Wheat           132.2      126.4       130.45       128.74
 
Corn             75.86     68.86        92.15        89.22
 
Soybeans       47.0      46.69        33.50        33.01
 
Soymeal        4.25     4.26          3.55           3.54
     
Soyoil            1.70     1.71          1.47           1.46
 
Cotton           37.79     35.35        32.93        32.03
 
Rice              70.85     64.92        82.96        82.42
 
................................................................
 
                                USDA World Grain Production
                           Monday        June        Monday       June
                           2004-05      2004-05      2003-04     2003-04
                           estimate     estimate     estimate    estimate
 
China corn              115.0         115.0       115.83        115.83
 
South Africa corn     9.3             9.3         7.8               7.8
 
Argentina corn        15.5         15.5          12.5             12.5
 
Australia wheat       24.0         24.0         24.92            24.92
 
Argentina wheat      14.0         14.0         13.5             13.5
 
EU 25 wheat           128.43        127.50   106.59        106.62
 
Canada wheat        23.50        23.50        23.5           23.5
 
China wheat           87.0         85.0         86.49          86.49
 
Brazil soybeans      66.0         66.0         52.6            52.6
 
Argentina soybean 39.0          39.0         34.0            34.0
 
China soybeans      17.5         17.5         16.0            16.0
 

Source: USDA