November 8, 2004

 

 

US 2003 Crop Soybeans Entries 1.265 Million Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 1.265mln bu, a decrease of 0.392 mln bushels during the week ended Nov 2, according to USDA preliminary figures.

 

Total 2004-crop entries into the 9-mo price support loan program reported 122.093 mln bu, up 30.601 mln bu from a week ago.

 

Following is a breakdown of activity in the regular 9-month non-recourse loan program for 2003 & 2002 crop soybeans in 1,000 bu. Changes are from statistics for the period ended Oct 26.

 

Source: USDA

 

              ---2003-crop --   ---2004-crop---

              Outstanding      Outstanding

            9-Month  Change    9-Month    Change

Alabama           0     unch          19       unch

Arkansas          5     unch       3,797      834

Califormia        0      unch           0       unch

Colorado          0     unch           0        unch

Delaware          0     unch          36       15

Florida              0     unch           0       unch

Georgia           0      unch           0       unch

Illinois           168      -22      11,122    3,459

Indiana           92       -8       15,783    2,716

Iowa             457    -147      39,281    9,915

Kansas            6       -2         2,298      441

Kentucky        13    unch         305       37

Louisiana         0     unch         119      unch

Maryland         6     unch         119        5

Michigan          7       -2         1,193      256

Minnesota      157     -71      15,768     4,816

Mississippi       0      unch         574       60

Missouri          56      -30       3,051     1,064

Montana          0      unch           0       unch

Nebraska        59      -15       7,574     1,858

New Jersey      7      unch          10      unch

New Mexic       0      unch           0       unch

New York         6      -10            36         4

N Carolina      16      unch          31        22

N Dakota        31      -15       1,752       516

Ohio                4       -1        7,060     1,409

Oklahoma        0     unch         104        20

Pennsylvani      1       -1           72         10

S Carolina      14     unch           0       unch

S Dakota       106      -43      10,332    2,678

Tennessee       3     unch         188         30

Texas              0     unch         224        12

Vermont          0     unch           0        unch

Virginia          20     unch          31         -3

W Virginia        0     unch           3        unch

Wisconsin        31      -25       1,211       427

Total US      1,265    -392     122,093   30,601