December 6, 2004

 

 

US 2003 Crop Soybeans Entries 0.498 Million Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.498mln bu, a decrease of 0.087 mln bushels during the week ended Nov 30, according to USDA preliminary figures.

 

Total 2004-crop entries into the 9-mo price support loan program reported 235.610 mln bu, up 24.715 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 23.

 

Source: USDA

 

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

            Outstanding      Outstanding

            9-Month  Change    9-Month    Change

Alabama         0     unch          55         21

Arkansas        5     unch       9,853     1,141

Califormia       0     unch           4        unch

Colorado         0     unch           0       unch

Delaware        0     unch         387       142

Florida            0      unch           9         9

Georgia          0      unch          31       18

Illinois           94      -10       23,167    2,639

Indiana         30       -9        25,314    1,744

Iowa            160      -30      67,355     4,571

Kansas           5     unch       4,338      437

Kentucky        0      -13       1,699       535

Louisiana        0     unch         228       88

Maryland        0      unch         701      330

Michigan         5        -1        3,959      578

Minnesota      78       -1       30,207     2,782

Mississippi       0      unch        893      122

Missouri         28     unch       9,991     2,359

Montana          0     unch           1        unch

Nebraska       13      -14       15,721    1,372

New Jersey      3       -1           20          3

New Mexico      0     unch          0        unch

New York         0       -6          722        241

N Carolina      16     unch         474      216

N Dakota        22    unch       3,388      395

Ohio                4     unch      15,050    2,322

Oklahoma        0     unch         158       27

Pennsylvania    1     unch         685      216

S Carolina        7     unch         184      168

S Dakota         13    unch      16,241    1,247

Tennessee        1       -2           620       166

Texas              0     unch          341       30

Vermont          0     unch           0        unch

Virginia            0     unch         666       366

W Virginia        0     unch          27        13

Wisconsin       13     unch       3,121       417

Total US        498      -87     235,610   24,715