May 7, 2004

 

 

USDA To Make China Corn Revisions In May 12 Report
 

The U.S. Department of Agriculture will be adding historical revisions to China's corn consumption and stocks and making other changes in its monthly supply and demand report on May 12, USDA said Thursday.

 

"The May 12 report will incorporate historical revisions of China's corn consumption and stocks," USDA said in a prepared statement. "An historical comparison of old and new estimates will be included in the May 12 report ... "

 

The World Agricultural Supply and Demand Estimates report on May 12 will also change its U.S. corn balance sheet to show "ethanol used for fuel as a portion of ¡®feed, seed, and industrial' use," USDA said.

 

Other changes beginning with the May 12 report include:

 

-- Deliveries in the U.S. sugar balance sheet will replace sales to indicate physical movement to sugar users. Stocks will include sales that have not been delivered;

 

-- Per-capita consumption of U.S. red meats, poultry and eggs will reflect revised population estimates from the Bureau of Economic Analysis.

 

-- Data for the European Union in world supply and use tables will be reported for the EU-25 instead of the EU-15. The Eastern Europe category will be dropped from the world wheat balance sheet. In the world coarse grains balance sheet, Eastern Europe will be dropped and Other Europe added, USDA said.

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