November 22, 2004

 

 

US 2003 Crop Soybeans Entries 0.688 Million Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.688mln bu, a decrease of 0.157 mln bushels during the week ended Nov 16, according to USDA preliminary figures.

 

Total 2004-crop entries into the 9-mo price support loan program reported 182.648 mln bu, up 20.846 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 Nov 9.

 

Source: USDA

 

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

                 Outstanding           Outstanding

                 9-Month  Change    9-Month    Change

Alabama         0        unch          25          unch

Arkansas        5        unch       7,124         845

Califormia       0       unch           0           unch

Colorado        0        unch           0           unch

Delaware        0       unch         177           94

Florida            0       unch           0           unch

Georgia          0       unch          11            11

Illinois         116        -22       17,518       2,322

Indiana          39        -5        21,276       2,329

Iowa            239       -75       56,780       4,409

Kansas           5         -1         3,425          205

Kentucky       13      unch         616           190

Louisiana        0       unch        140             14

Maryland         0        -6         322             155

Michigan         7      unch       2,292           558

Minnesota       87      -28       24,370       3,150

Mississippi       0      unch         665             40

Missouri         33       -1          5,442       1,160

Montana          0      unch           1           unch

Nebraska       37       -6         12,275      1,744

New Jersey      7      unch          10         unch

New Mexico      0      unch           0         unch

New York         6      unch         206         128

N Carolina      16     unch          82            32

N Dakota        22     unch       2,471         266

Ohio                4      unch      10,175     1,328

Oklahoma        0      unch         115            4

Pennsylvania    1      unch         226          87

S Carolina        7     unch           4             4

S Dakota        19     unch      13,918      1,134

Tennessee        3     unch         323         100

Texas               0     unch         311         69

Vermont           0     unch           0         unch

Virginia            9      unch         131         78

W Virginia        0      unch          14           5

Wisconsin        13      -13       2,203        385

Total US         688    -157     182,648    20,846