November 10, 2004

USDA 2004 November Corn, Soybean Production Report

The following are analysts' estimates in billions of bushels for 2004-05 US soybean and corn production based on conditions as of Nov. 1. The US Department of Agriculture is scheduled to release its production figures at 0730 CT (1330 GMT) Friday. Parentheses denote the number of estimates in that average and range.
 
                                Average         Range                           Oct       2003
                                                                                       USDA      Output
CROP:
Soybeans (19)          3.140           3.107-3.195                     3.107     2.454
Corn (18)                11.676        11.573-11.750                   11.613    10.114
 
YIELD:
Soybeans (1              42.4             41.6-43.2                        42.0       33.9
Corn (16)                  159.2        157.9-160.3                       158.4      142.2
 

                                       SOYBEANS                  CORN 
                                     Crop       Yield          Crop      Yield
A.G. Edwards & S            3.140       2.4          11.730    160.0
Alaron                            3.120       42.0        11.690    159.0
Allendale                        3.167       42.8        11.642    158.8
Bump Investor Services   3.170       42.8        11.700    159.5
Cargill Investor Services  3.122       42.2        11.660    159.0
Citigroup                         3.145       42.5       11.709    159.7
FCStone                          3.118       42.1       11.573    157.9
Fimat Futures                   3.158       42.7       11.678    159.3
Informa Economics*         3.150       42.6       11.750    160.3
Kropf & Love Consulting    3.107       42.0       11.655    159.0
Linn Group                       3.149       41.6       11.678    159.2
MID-CO Commodities       3.112       42.0       11.650    158.7
Midwest Market Solution    3.120       n/a        11.690     n/a
North American Risk Mang.3.127       42.3       11.656    159.0
O'Connor                         3.135       n/a        11.690     n/a
Prudential Securities          3.150       42.6          n/a      n/a
RJ O'Brien                         3.131      42.3       11.645    158.8
STA Trading Services         3.195      43.2        11.744    160.2
US Commodities                 3.138      42.4       11.633    158.7
 
*from trade sources