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2010/2011 Prospective Plantings
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ADMIS
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YEAR AGO
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ALL WHEAT
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53.5 mil acres
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59.1 mil acres
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CORN
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89.5 mil acres
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86.5 mil acres
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SOYBEANS
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78.0 mil acres
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77.5 mil acres
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March 1 Grain Stocks (in billion bushels)
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ADMIS MCH 1 STOCKS
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YEAR AGO
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WHEAT
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1.368
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1.04
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CORN
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7.467
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6.954
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SOYBEANS
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1.194
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1.302
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For Wheat, our March 1 stocks figure is 1.368 bil bu versus 1.040 bil last year. We are using for the quarter;
Food use of 218 mil bu versus 219 mil last year;
Feed use 15 mil bu versus 25 mil;
Exports of 198 mil bu versus 170 mil, and;
Seed 1 mil bu versus 1mil;
Imports are seen at 35 mil bu versus 36 mil last year.
Total use for the quarter pans out to 433 mil bu versus 416 last season.
For Corn, our March 1 stocks figures is 7.467 bil bu versus 6.954 bil last year. We are using for the quarter;
Feed use of 1.650 bil bu versus 1.581 bil last year;
Industrial use of 1.377 bil bu (ethanol 1.086 bil bu) versus 1.169 bil (872 mil) and;
Exports of 423 mil bu versus 373 mil.
Total use for the quarter pans out to 3.449 bil bu versus 3.122 bil last season.
For Soybeans, our March 1 stocks figure is 1.194 bil bu versus 1.302 bil last year. We are using for the quarter;
Crush of 493 mil bu versus 422 last year, and;
Exports of 614 mil bu versus 486 mil.
Seed/Residual 39 mil bus versus 70 mil last year.
Total use for the quarter pans out to 1.146 bil bu versus 978 mil last season