October 11, 2004
Recap For USDA Report On Production, Supply/Demand Tables
The following table is provided in conjunction with the US Department of Agriculture's October US production, US and world supply and demand reports. The reports are scheduled for release at 0730 CT (1330 GMT) Tuesday.
US 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 US Crop Production
Tuesday's Average Range Sept 2003
estimate USDA Output
Soybeans __________ 3.018 2.941-3.107 2.836 2.418
Corn __________ 11.208 11.059-11.375 10.961 10.114
Cotton __________ 20.40 19.8-21.2 20.9 18.26
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USDA US Grain, Cotton Carryout
Tuesday's September Average Tuesday's September
2004-05 2004-05 Analyst 2003-04 2003-04
estimate estimate estimate carryout estimate
Soybeans __________ 0.190 0.364 __________ 0.105
Corn __________ 1.209 1.502 __________ 0.954
Wheat __________ 0.578 0.588 __________ 0.546
Soyoil __________ 1.126 n/a __________ 1.131
Soymeal __________ 250,000 n/a __________ 225,000
Cotton __________ 6.10 n/a __________ 3.50
Rice __________ 32.9 n/a __________ 23.7
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USDA World Carryover
Tuesday's September Tuesday's September
2004-05 2004-05 2003-04 2003-04
estimate estimate carryout estimate
Wheat __________ 142.3 __________ 132.30
Corn __________ 87.90 __________ 93.96
Soybeans __________ 51.54 __________ 37.36
Soymeal __________ 4.46 __________ 3.79
Soyoil __________ 1.59 __________ 1.59
Cotton __________ 40.03 __________ 33.42
Rice __________ 68.72 __________ 83.77
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USDA World Grain Production
Tuesday's September Tuesday's September
2004-05 2004-05 2003-04 2003-04
estimate estimate estimate estimate
China corn __________ 120.0 __________ 115.83
South Africa corn __________ 9.3 __________ 8.7
Argentina corn __________ 15.5 __________ 12.75
Australia wheat __________ 23.5 __________ 24.92
Argentina wheat __________ 14.5 __________ 13.5
EU 25 wheat __________ 130.64 __________ 106.57
Canada wheat __________ 24.5 __________ 23.5
China wheat __________ 90.0 __________ 86.49
Brazil soybeans __________ 66.0 __________ 52.6
Argentina soybeans __________ 39.0 __________ 34.0
China soybeans __________ 17.5 __________ 15.4
Source: USDA
