December 1, 2003

 

 

US 2003 Crop Soybeans Entries 90.929 Million Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 90.929 Million Bushels, an increase of 11.787 Million Bushels during the week ended Nov 25, according to USDA preliminary figures. Total 2002-crop entries into the 9-mo price support loan program reported 2.236 Million Bushels, down 0.218 Million Bushels 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 Bushels. Changes are from statistics for the period ended Nov 18.

 

Source: USDA

 

                         ---2003-crop --             ---2002-crop---

                           Outstanding                 Outstanding

                     9-Month    Change         9-Month   Change

Alabama                 8        unch                 0        unch

Arkansas             472         111                 5        unch

Califormia               0        unch                 0        unch

Colorado                 0        unch                0         unch

Delaware               40        unch                0         unch

Florida                     0       unch                 0        unch

Georgia                 13            7                 0         unch

Illinois             11,352      1,723             185           -21

Indiana           12,919      1,557               62            -5

Iowa               25,792      2,394             545           -16

Kansas                486         114               15         unch

Kentucky          1,039         313                 7           -15

Louisiana                0        unch                 0         unch

Maryland             217           68               35         unch

Michigan           2,161         531               21             -2

Minnesota       11,460         887              424           -54

Mississippi           246           78                 6         unch

Missouri            3,315         798               99           -25

Montana                 0        unch                 0         unch

Nebraska          4,096         532             131             -5

New Jersey           36           19                 2         unch

New Mexico            0        unch                 0         unch

New York            556         176                48            -4

N Carolina          169           78                39           -10

N Dakota         1,169           51              148           -10

Ohio                7,976      1,429                27         unch

Oklahoma            12             1                  1            -6

Pennsylvania      273         145                  7             -5

S Carolina            99          60                  4         unch

S Dakota         5,286         320              262           -27

Tennessee          424         156                31            -6

Texas                    6        unch                 0         unch

Vermont                0        unch                 0         unch

Virginia              130           77                 0             -4

W Virginia              4        unch                 2         unch

Wisconsin        1,173          162             130             -3

Total US         90,929     11,787          2,236          -218