USDA Sept. 12 Results

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. Production

 

 

Thursday                               August

2013-14                               2013-14     2012

Estimate    Average      Range          USDA   Production

Corn         13.843      13.646   13.33-14.013    13.763     10.780

Soybeans      3.149       3.149    2.98- 3.239     3.255      3.015

Cotton        12.90       13.1     12.8- 13.9      13.05      17.31

 

USDA U.S. Crop Yield

 

Thursday

2013-14                                 August     2012

Estimate    Average      Range           USDA     Yield

Corn         155.3       153.9    150.2-158.0       154.4     123.4

Soybeans      41.2       41.3      39.0-42.4         42.6      39.6

 

USDA U.S. Grain, Cotton Carryout

 

Thursday   2012-13   August   Thursday  2013-14   August

2012-13    Analyst   2012-13   2013-14   Analyst 2013-14

Estimate  Estimate    USDA    Estimate  Estimate    USDA

Soybeans     125.0     0.124     0.125     150.0     0.161     0.220

Corn         0.661     0.716     0.719     1.855     1.697     1.837

Wheat        0.718      n/a      0.718     0.561     0.556     0.551

Soyoil       1.930      n/a      1.970     1.615      n/a      1.635

Soymeal    300,000      n/a    300,000   300,000      n/a    300,000

Cotton        3.90      n/a      3.80       2.90      3.0      2.80

Rice          36.4      n/a      34.6       30.0      n/a      30.4

 

USDA World Carryover

Thursday     August    Thursday      August

2012-13     2012-13    2013-14      2013-14

Estimate      USDA     Estimate       USDA

Wheat        173.9       174.4      176.3        173.0

Corn         122.3       123.1      151.4        150.2

Soybeans      61.6        62.2       71.5         72.3

Soyoil        3.80        3.77       3.60         3.63

Cotton        86.0       86.35       94.7         93.8

Rice        105.17      104.82     107.39       107.47