August 12, 2004
Recap For Production, Supply/Demand Tables
The following table is in conjunction with the U.S. Department of Agriculture's August U.S. production, U.S. and world supply and demand reports. The reports are scheduled for release at 0730 CT (1230 GMT) Thursday.
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. Crop Production
Thursday's Average Range July 2003
estimate USDA Output
Soybeans __________ 2.965 2.881-3.042 2.940 2.418
Corn __________ 10.784 10.622-11.007 10.635 10.114
All Wheat __________ 2.072 2.056-2.085 2.059 2.337
All Winter Wheat __________ 1.473 1.468-1.480 1.470 1.707
Other Spring Wheat __________ 0.511 0.498-0.520 0.501 0.533
Durum __________ 0.088 0.086-0.090 0.089 0.097
Cotton __________ 18.84 18.25-19.3 18.0 18.26
...............................................................
USDA U.S. Grain, Cotton Carryout
Thursday's July Thursday's July
2004-05 2004-05 2003-04 2003-04
estimate estimate estimate estimate
Soybeans __________ 0.210 __________ 0.105
Corn __________ 0.991 __________ 0.896
Wheat __________ 0.494 __________ 0.546
Soyoil __________ 1.196 __________ 1.036
Soymeal __________ 250,000 __________ 175,000
Cotton __________ 4.50 __________ 3.60
Rice __________ 27.7 __________ 23.8
...............................................................
USDA World Carryover
Thursday's July Thursday's July
2004-05 2004-05 2003-04 2003-04
estimate estimate carryout estimate
Wheat __________ 132.2 __________ 130.45
Corn __________ 75.86 __________ 92.15
Soybeans __________ 47.0 __________ 33.50
Soymeal __________ 4.25 __________ 3.55
Soyoil __________ 1.70 __________ 1.47
Cotton __________ 37.79 __________ 32.93
Rice __________ 70.85 __________ 82.96
................................................................
USDA World Grain Production
Thursday's July Thursday's July
2004-05 2004-05 2003-04 2003-04
estimate estimate estimate estimate
China corn __________ 115.0 __________ 115.83
South Africa corn __________ 9.3 __________ 7.8
Argentina corn __________ 15.5 __________ 12.5
Australia wheat __________ 24.0 __________ 24.92
Argentina wheat __________ 14.0 __________ 13.5
EU 25 wheat __________ 128.43 __________ 106.59
Canada wheat __________ 23.50 __________ 23.5
China wheat __________ 87.0 __________ 86.49
Brazil soybeans __________ 66.0 __________ 52.6
Argentina soybeans __________ 39.0 __________ 34.0
China soybeans __________ 17.5 __________ 16.0
Source: USDA
