GRAIN | AGRONOMY | FEED | HEATING CORN | GRAIN PRICES
Grain Reports
January 12, 2009
www.countryhedging.com
USDA U.S. Final 2008-09 Crop Production (in billion Bushels)
USDA 2008-09 |
Average |
Range |
November 2008-09 |
2007 Final |
|
| Corn | 12.101
|
11.975
|
11.880-12.078
|
12.020
|
13.074 |
| Soybeans | 2.959
|
2.913 |
2.879-2.940 |
2.921 |
2.676 |
USDA 2009 US Winter Wheat Seedings (in million acres)
USDA 2009 |
Average |
Range |
2008 Seedings |
|
| All Winter Wheat | 42.098 |
44.178 |
42.920-45.800 |
46.181 |
| Hard Rock Winter | 30.2 |
31.096 |
30.500-31.900 |
31.220 |
| Soft Red Winter | 8.29
|
9.381
|
8.470-10.900
|
11.200
|
| White Winter | 3.62 |
3.763 |
3.40-4.000 |
3.761 |
USDA US Grain Stocks as of December 1 (in billion bushels)
Dec 2008 |
Average |
Range |
Sep 1 2008 |
Dec 1 2007 |
|
| Corn | 10.084 |
9.832 |
9.699-9.998 |
1.624 |
10.278 |
| Soybeans | 2.275 |
2.181 |
1.973-2.238 |
0.205 |
2.360 |
| Wheat | 1.422 |
1.365 |
1.321-1.410 |
1.857 |
1.132 |
USDA 2008-09 U.S. Grain Carryout (in billion bushels)
January 2008-09 |
Average |
Range |
December 2008-09 |
December 2007-08 |
|
| Corn | 1.790 |
1.499 |
1.292-1.689 |
1.474 |
1.624 |
| Soybeans | .225 |
0.188 |
0.159-0.215 |
0.205 |
0.205 |
| Wheat | .655 |
0.608 |
0.575-0.669 |
0.623 |
0.306 |
USDA 2008-09 World Grain Carryout (in billion bushels)
USDA 2008-09 |
December 2008-09 |
USDA 2007-08 |
|
| Corn | 136.03 |
123.83 |
127.80 |
| Soybeans | 53.94 |
54.19 |
53.10 |
| Wheat | 148.36 |
147.35 |
119.36 |
Early Call-
Corn - 10 to 20 lower...big carryout
Soybeans - 15 to 20 lower...SA weather is a concern
Wheat - 10 to 15 lower...acreage is smaller than expected