August 9, 2004

USDA 2004 Corn, Soybean Production Report

The following are analysts' estimates in billions of bushels for 2004 U.S. soybean and corn production based on conditions as of Aug. 1, as compiled by Dow Jones Newswires. The U.S. Department of Agriculture is scheduled to release its production figures at 0730 CT (1230 GMT) Thursday. The July USDA figures are from U.S. supply/demand tables. Parentheses denote the number of estimates in that average and range.
 
                                 Average         Range         July       2003
                                                      USDA       Output
CROP:
Soybeans (21)           2.965         2.881-3.042       2.940       2.418
Corn (21)                 10.784        10.622-11.007    10.635     10.114
 
YIELD:
Soybeans (20)          40.2           39.2-41.3        39.9        33.4
Corn (20)                 147.0         145.0-149.6     145.0      142.2
 
                                                SOYBEANS                  CORN
                                              Crop       Yield         Crop      Yield
A.G. Edwards & Sons               2.985      40.5          10.800    147.2
Allendale                                2.948      40.1          10.919    149.6
Barrington Commod. Brokers   2.889      39.7          10.734    146.8
Cargill Investor Services          2.989      40.5          10.730    146.2
Citigroup                                3.010      41.0          10.715    146.8
FC Stone                                2.982      40.5          10.938    149.1
Fimat Futures                          2.923      39.5          10.644    145.6
GWS Weather Model                3.033      41.2          10.695    145.8
Kropf & Love Consulting           2.889      39.2          10.863    148.0
The Linn Group                        3.010      40.9          10.952    149.3
North American Risk Mang.       2.960      40.2          10.660    145.3
Midwest Market Solutions         2.955       n/a          10.850     n/a
MID-CO Commodities Inc.       2.881      39.2          10.622    145.2
O'Connor                               2.920      39.6          10.720    146.0
Progressive Ag.                      3.010      40.9          10.980    149.6
Prudential Securities                2.994      40.7          10.711    146.5
RJ O'Brien                              3.022      40.1          10.726    146.2
STA Trading Services              3.042      41.3          10.847    147.9
Stewart-Peterson                    2.911      39.5          10.635    145.0
US Commodities                     2.933      39.8          10.716    147.0
WEFA                                     2.986      40.4          11.007    147.7