February 14, 2005

 

 

2004 crop soybeans entries 352.332 million bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.119mln bu, a decrease of 0.026 mln bushels during the week ended Feb 8, according to USDA preliminary figures. Total 2004-crop entries into the 9-mo price support loan program reported 352.332 mln bu, up 2.080 mln bu from a week ago.

 

Following is a breakdown of activity in the regular 9-month non-recourse loan program for 2003 & 2004 crop soybeans in 1,000 bu. Changes are from statistics for the period ended Feb 1.

 

Source: USDA

 

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

                        Outstanding      Outstanding

             9-Month  Change    9-Month    Change

Alabama          0     unch         129       unch

Arkansas         0     unch       9,853      126

Califormia       0     unch           3         unch

Colorado         0     unch          26        unch

Conn              0      unch          10       unch

Delaware        0      unch         549      unch

Florida            0      unch          44       unch

Georgia          0      unch         403      unch

Illinois           47       -1        33,204      432

Indiana          0      unch      26,441     -589

Iowa             27       -8       98,477     1,093

Kansas           5     unch       6,819       17

Kentucky        0     unch       2,727      -171

Louisiana        0     unch         326      unch

Maryland        0     unch       1,060       -25

Michigan         3     unch       6,996        76

Minnesota       19       -6      53,099      339

Mississippi       0     unch       1,174     unch

Missouri          0     unch      20,236      169

Montana          0     unch           7          2

Nebraska         4     unch      26,494     440

New Jersey      0     unch         274     unch

New Mexico      0     unch           0      unch

New York         0     unch       1,696        1

N Carolina       0     unch       4,215      102

N Dakota         0     unch       6,223       95

Ohio                4     unch      17,835    -120

Oklahoma        0     unch         355         2

Pennsylvania    0     unch       1,300       -8

S Carolina        0     unch       1,812       -7

S Dakota         -1      -11       20,429     -43

Tennessee        0       -1        1,167       14

Texas               1        1         409         32

Vermont           0     unch          1          -1

Virginia            0      unch      2,384       45

W Virginia        0      unch         149      unch

Wisconsin        10     unch       6,006       59

Total US        119      -26     352,332    2,080