May 9, 2008
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| 1998-99 |
1999-2000 |
2000-01 |
2001-02 |
2002-03 |
2003-04 |
2004-05 |
2005-06 |
2006-07 |
Estimated
2007-08 |
Projected
2008-09 |
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| (million acres) |
|||||||||||
| Acres Planted | 72.0 | 73.7 | 74.3 | 74.1 | 74.0 |
73.4
|
75.2
|
72.0
|
75.5
|
63.6
|
74.8
|
| Acres Harvested | 70.4 | 72.4 | 72.4 | 73.0 | 72.5 |
72.5
|
74.0
|
71.3
|
74.6
|
62.8
|
73.8
|
| Bu./Harvested Acre | 38.9 | 36.6 | 38.1 | 39.6 | 38.0 |
33.9
|
42.2
|
43.0
|
42.7
|
41.2
|
42.1
|
|
|
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| (million bushels) |
|||||||||||
| Beginning Stocks | 200 | 348 | 290 | 248 | 208 |
178
|
112
|
256
|
449
|
574
|
145
|
| Production | 2741 | 2654 | 2758 | 2891 | 2756 |
2454
|
3124
|
3063
|
3188
|
2585
|
3105
|
| Imports | 3 | 4 | 4 | 2 |
5 |
6
|
6
|
3
|
9
|
10
|
8
|
| Total Supply | 2944 | 3006 | 3052 | 3141 | 2969 |
2638
|
3242
|
3322
|
3647
|
3169
|
3258
|
| Use: Crushings Exports Seed, Feed & Residuals |
1590 801 205 |
1578 973 165 |
1640 996 168 |
1700 1064 169 |
1615 1044 132 |
1530 885 111 |
1696 1097 192 |
1739
940 194 |
1806 1118 148 |
|
|
| Total Use | 2596 | 2716 | 2804 | 2933 | 2791 |
2525
|
2986
|
2873
|
3073
|
3024
|
3073
|
| Ending Stocks | 348 | 290 | 248 | 208 | 178 |
112
|
256
|
449
|
574
|
145
|
185
|
| Ending Stocks, % of Use | 13.4 | 10.7 | 8.8 | 7.1 | 6.4 |
4.4
|
8.6
|
15.6
|
18.7
|
4.8
|
6.0
|
| Regular Loan Rate | $5.26 | $5.26 | $5.26 | $5.26 | $5.00 |
$5.00
|
$5.00
|
$5.00
|
$5.00
|
$5.00
|
$5.00
|
|
|
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| U.S. Season Average Farm Price, $/Bu. |
$4.93 |
$4.63 |
$4.54 |
$4.38 |
$5.53 |
$7.34 |
$5.74 |
$5.66
|
$6.43 |
$10.00 |
$10.50-12.00 |
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| Source: USDA. | |||||||||||