December 13, 2004

 

 

US 2003 Crop Soybeans Entries 0.438 Million Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.438mln bu, a decrease of 0.060 mln bushels during the week ended Dec 7, according to USDA preliminary figures. Total 2004-crop entries into the 9-mo price support loan program reported 254.610 mln bu, up 19.000 mln bu 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 bu. Changes are from statistics for the period ended Nov 30.

 

Source: USDA

 

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

               Outstanding          Outstanding

                9-Month  Change    9-Month    Change

Alabama           0     unch          67           12

Arkansas          5     unch      10,020        167

Califormia        0      unch           4          unch

Colorado          0     unch           0          unch

Delaware          0     unch         400         13

Florida              0     unch          40          31

Georgia            0     unch          58          27

Illinois              90       -4      25,174      2,007

Indiana            18      -12      26,551     1,237

Iowa              144      -16      72,221     4,866

Kansas              5     unch       4,607      269

Kentucky           0     unch       1,923      224

Louisiana           0     unch         228      unch

Maryland           0     unch         787        86

Michigan            4       -1       4,693       734

Minnesota         69       -9      32,955     2,748

Mississippi          0     unch         926        33

Missouri            17      -11      11,638    1,647

Montana             0     unch           1      unch

Nebraska          10       -3      17,145    1,424

New Jersey        3     unch          98        78

New Mexico        0     unch           0      unch

New York           0     unch         867      145

N Carolina        16     unch         740      266

N Dakota          22     unch       3,509      121

Ohio                  0       -4      16,109     1,059

Oklahoma          0      unch         182       24

Pennsylvania      1     unch         791      106

S Carolina          7     unch         227       43

S Dakota          13     unch      17,120     879

Tennessee         1      unch         687       67

Texas               0      unch         341      unch

Vermont           0      unch           2          2

Virginia             0      unch         801      135

W Virginia         0      unch          27      unch

Wisconsin        13      unch       3,671      550

Total US         438      -60     254,610   19,000