August 10, 2004

2004-05 US Grain, Soybean Carryout Forecasts

The following are analysts' estimates in millions of bushels for U.S. grain and soybean ending stocks for the 2004-05 marketing year. The U.S. Department of Agriculture is scheduled to release updated U.S. 2004-05 supply and demand tables at 0730 CT (1230 GMT) Thursday. The figures in parentheses denote the number of estimates in the average and range.
 
                          Average       Range          2004-05         2003-04 
                                   July USDA                     July USDA
Corn (9)                1.181      1.071-1.350       0.991           0.896
Soybeans (9)         0.251      0.199-0.290       0.210           0.105
Wheat (9)              0.505      0.485-0.530       0.494           0.546
 
 
                                             Corn      Soybeans  Wheat
A.G. Edwards and Sons           1.300      0.275       0.520
Allendale                                1.223      0.199       0.485
Cargill Investor Services         1.207      0.290       0.518
Citigroup                               1.071      0.275       0.490
Fimat Futures                         1.115      0.258       0.491
Kropf & Love Consulting          1.350     0.215       0.500
North American Risk Mang.     1.140      0.245       0.505
O'Connor                              1.150      0.250       0.530
Prudential Securities              1.072      0.250       0.505