June 11, 2004
Summary For US Grain Production, Supply/Demand Tables
U.S. estimates are in billions of bushels except soyoil, which is in billions of pounds. Soymeal is in short tons. Cotton is in millions of 480-pound bales. Rice is in million hundredweight. World crop forecasts are in millions of metric tons.
USDA U.S. Wheat Production
Thursday's
estimate Average Range May USDA 2003 Crop
All Winter Wheat 1.531 1.515 1.473-1.538 1.550 1.707
Hard Red Winter 0.886 0.870 0.825-0.901 0.910 1.063
Soft Red Winter 0.396 0.403 0.395-0.410 0.399 0.379
White Winter 0.247 0.244 0.238-0.245 0.242 0.265
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USDA U.S. Grain, Cotton Carryout
Thursday's May Thursday's May
2004-05 2004-05 2003-04 2003-04
estimate carryout estimate carryout
Soybeans 0.220 0.190 0.115 0.115
Corn 0.741 0.741 0.806 0.806
Wheat 0.495 0.499 0.541 0.526
Soyoil 1.241 1.256 1.021 1.256
Soymeal 250,000 250,000 175,000 175,000
Cotton 3.90 3.90 3.60 3.60
Rice 24.8 24.8 21.9 21.9
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USDA World Carryover
Thursday's May's Thursday's May
2004-05 2004-05 2003-04 2003-04
estimate carryout estimate carryout
Wheat 126.4 123.3 128.74 128.8
Corn 68.86 66.80 89.22 86.96
Soybeans 46.69 N/A 33.01 31.72
Soymeal 4.26 N/A 3.54 3.45
Soyoil 1.71 N/A 1.46 1.45
Cotton 35.35 36.46 32.03 32.66
Rice 64.92 69.42 82.42 85.51
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USDA World Grain Production
Thursday's May Thursday's May
2004-05 2004-05 2003-04 2003-04
estimate estimate estimate estimate
China corn 115.0 115.0 115.83 114.0
South Africa corn 9.3 9.3 7.8 7.8
Argentina corn 15.5 15.5 12.5 12.5
Australia wheat 24.0 24.0 24.92 25.0
Argentina wheat 14.0 14.0 13.5 13.5
EU 25 wheat 127.50 126.50 106.62 106.62
Canada wheat 23.50 23.50 23.5 23.5
China wheat 85.0 84.0 86.49 86.0
Brazil soybeans 66.0 N/A 52.6 53.5
Argentina soybeans 39.0 N/A 34.0 34.0
China soybeans 17.5 N/A 16.0 16.2
Source: USDA
