2/21/2014

USDA's Corn, Soybean and Wheat Estimates

USDA's Corn, Soybean and Wheat Estimates

FEBRUARY 24, 2012

By: AgWeb.com Editors

The following are supply and demand estimates released by USDA today the the Ag Outlook Forum.

Soybean S&D Data from 2012 USDA Agricultural Outlook Forum,

February 24, 2012.
2009/10
Area planted (mil. ac.)
77.5
Area harvested
76.4
Yield (bu./ac.)
44.0
Production (mil. bu.)
3,359
Beginning stocks
138
Imports
15
Supply
3,512
Crush
1,752
Seed
90
Residual
20
Total domestic use
1,862
Exports
1,499
Total use
3,361
Ending stocks
151
Stocks/use (percent)
4.5
Season-avg. farm price ($/bu.)
9.59

2010/11 2011/12 1/ 2012/13 2/

77.4
75.0
75.0
76.6
73.6
74.1
43.5
41.5
43.9
3,329
3,056
3,250
151
215
275
14
15
15
3,495
3,286
3,540
1,648
1,615
1,660
87
88
89
43
32
37
1,778
1,736
1,785
1,501
1,275
1,550
3,280
3,011
3,335
215
275
205
6.6
9.1
6.1
11.30
11.70 11.50

1/ Acreage, yield, production, and beginning stocks are estimates from the
National Agricultural Statistics Service. Imports, crush, exports, ending
stocks, and season-average farm price are projections from the World Agricultural
Supply and Demand Estimates, February 9, 2012. The season-average price is the
midpoint of the projected range from the same report.
2/ Projections based on analysis by the USDA s Oilseeds Interagency Commodity
Estimates Committee.
Note: Totals may not add due to rounding.

Wheat S&D data from 2012 Agricultural Outlook Forum,

February 24, 2012.
2009/10
2010/11 2011/12 1/ 2012/13 2/
Area planted (mil. ac.)
59.2
53.6
54.4
58.0
Area harvested
49.9
47.6
45.7
48.7
http://www.agweb.com/article/usdas_corn_soybean_and_wheat_estimates/default.aspx?print=y

1/4

2/21/2014

USDA's Corn, Soybean and Wheat Estimates

Yield (bu./ac.)
Production (mil. bu.)
Beginning stocks
Imports
Supply
Feed & residual
Food, seed & industrial
Total domestic use
Exports
Total use
Ending stocks
Stocks/use (percent)
Season-avg. farm price ($/bu.)

44.5
2,218
657
119
2,993
150
988
1,138
879
2,018
976
48.4
4.87

46.3
2,207
976
97
3,279
132
997
1,128
1,289
2,417
862
35.7
5.70

43.7
1,999
862
120
2,982
145
1,017
1,162
975
2,137
845
39.5
7.30

44.5
2,165
845
120
3,130
180
1,018
1,198
975
2,173
957
44.0
6.30

1/ Acreage, yield, production, and beginning stocks are estimates from the
National Agricultural Statistics Service. Imports, use, ending stocks, and
season-average farm price are projections from the World Agricultural Supply
and Demand Estimates, February 9, 2012. The season-average price is the
midpoint of the projected range from the same report.
2/ Projections based on analysis by USDA s Wheat Interagency Commodity
Estimates Committee.
Note: Totals may not add due to rounding.

Corn S&D data from 2012 USDA Agricultural Outlook Forum,

February 24, 2012.
2009/10
2010/11 2011/12 1/ 2012/13 2/
Area planted (mil. ac.)
86.4
88.2
91.9
94.0
Area harvested
79.5
81.4
84.0
87.0
Yield (bu./ac.)
164.7
152.8
147.2
164.0
Production (mil. bu.)
13,092
12,447
12,358
14,270
Beginning stocks
1,673
1,708
1,128
801
Imports
8
28
20
15
Supply
14,774
14,182
13,506
15,086
Feed & residual
5,125
4,793
4,600
5,200
Ethanol 3/
4,591
5,021
5,000
4,950
Food, seed & other industrial
1,370
1,407
1,405
1,420
Total food, seed & industrial
5,961
6,428
6,405
6,370
Total domestic use
11,086
11,220
11,005
11,570
Exports
1,980
1,835
1,700
1,900
Total use
13,066
13,055
12,705
13,470
Ending stocks
1,708
1,128
801
1,616
Stocks/use (percent)
13.1
8.6
6.3
12.0
Season-avg. farm price ($/bu.)
3.55
5.18
6.20
5.00

See Comments

RELATED STORIES

RELATED TOPICS: Corn, Soybeans, Wheat, USDA

http://www.agweb.com/article/usdas_corn_soybean_and_wheat_estimates/default.aspx?print=y

2/4

2/21/2014

USDA's Corn, Soybean and Wheat Estimates

Traders Look for Bearish Tone from USDA Outlook Meeting

Grain Prices Rally on USDA Outlook

COMMENTS

Log In or Sign Up to comment

No comments have been posted

Name:
Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily
eNewsletter today!.

http://www.agweb.com/article/usdas_corn_soybean_and_wheat_estimates/default.aspx?print=y

3/4

2/21/2014

USDA's Corn, Soybean and Wheat Estimates

2013 Farm Journal, Inc. All Rights Reserved.

http://www.agweb.com/article/usdas_corn_soybean_and_wheat_estimates/default.aspx?print=y

4/4