November 29, 2004

 

 

US 2003 Crop Soybeans Entries 0.585 Million Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.585mln bu, a decrease of 0.103 mln bushels during the week ended Nov 23, according to USDA preliminary figures. Total 2004-crop entries into the 9-mo price support loan program reported 210.895 mln bu, up 28.247 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 16.

 

Source: USDA

 

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

                  Outstanding        Outstanding

               9-Month  Change    9-Month    Change

Alabama           0     unch          34          9

Arkansas          5     unch       8,712       1,588

Califormia        0     unch           4           4

Colorado          0     unch           0         unch

Delaware          0     unch        245         68

Florida              0     unch           0        unch

Georgia            0     unch          13          2

Illinois           104      -12       20,528     3,010

Indiana           39     unch      23,570     2,294

Iowa             190      -49       62,784     6,004

Kansas             5     unch        3,901       476

Kentucky         13     unch       1,164       548

Louisiana         0       unch         140      unch

Maryland          0      unch         371       49

Michigan           6       -1         3,381      1,089

Minnesota        79       -8       27,425     3,055

Mississippi        0      unch         771       106

Missouri           28       -5       7,632       2,190

Montana           0     unch           1        unch

Nebraska         27      -10     14,349      2,074

New Jersey       4       -3           17         7

New Mexico       0     unch          0        unch

New York          6     unch         481       275

N Carolina       16     unch        258        176

N Dakota         22     unch       2,993      522

Ohio                 4     unch      12,728    2,553

Oklahoma         0     unch         131       16

Pennsylvania     1     unch         469      243

S Carolina         7     unch          16       12

S Dakota          13       -6      14,994     1,076

Tennessee        3     unch         454       131

Texas               0     unch         311      unch

Vermont           0     unch           0        unch

Virginia            0        -9          300       169

W Virginia        0      unch          14       unch

Wisconsin       13      unch       2,704      501

Total US        585     -103     210,895   28,247