December 20, 2004

 

 

US 2003 Crop Soybeans Entries 0.388 Mln Bushels

 

Total 2003-crop soybean entries into the government's 9-mo price support loan program 0.388mln bu, a decrease of 0.050 mln bushels during the week ended Dec 14, according to USDA preliminary figures.

 

Total 2004-crop entries into the 9-mo price support loan program reported 271.713 mln bu, up 17.103 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 Dec 7.

 

Source: USDA

 

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

                Outstanding            Outstanding

                  9-Month  Change    9-Month    Change

Alabama           0        unch          70            3

Arkansas          5        unch      10,398        378

Califormia        0        unch           4           unch

Colorado          0        unch           1             1

Delaware          0       unch         411          11

Florida              0       unch          40         unch

Georgia            0       unch         102          44

Illinois             89        -1         27,075     1,901

Indiana            18      unch      27,212       661

Iowa              127      -17        75,572     3,351

Kansas              5      unch       4,918        311

Kentucky           0      unch       2,266        343

Louisiana           0      unch         228       unch

Maryland           0      unch         871         84

Michigan            4      unch       5,472       779

Minnesota         43      -26       35,549     2,594

Mississippi         0       unch       1,063      137

Missouri           17      unch      13,253     1,615

Montana            0      unch           5           4

Nebraska           7       -3        18,268     1,123

New Jersey        3      unch         118        20

New Mexico       0      unch           0        unch

New York          0      unch         968        101

N Carolina        16     unch       1,392       652

N Dakota         19       -3          4,135      626

Ohio                 0      unch      16,788      679

Oklahoma         0      unch         216        34

Pennsylvania     1      unch         940       149

S Carolina        7      unch         375        148

S Dakota         13     unch      17,615      495

Tennessee        1     unch         814        127

Texas               0     unch         341       unch

Vermont           0     unch           2         unch

Virginia            0     unch       1,054        253

W Virginia        0     unch          44          17

Wisconsin        13    unch       4,133       462

Total US        388     -50      271,713    17,103