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Estimates for USDA Crop Report Fri 3/8

Monday, March 4, 2013 12:53 PM Central Time
Submitted by Brian Wagner

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March USDA Grain, Soybean Carryout Estimates
The following are estimates in billions of bushels for 2012-13 U.S. grain and soybean ending stocks. The U.S.D.A. is scheduled to release updated supply and demand tables at 11:00 p.m. CST Friday                                       
                                          Feb
                                        2012-13    2011-12
                   Average     Range      USDA       USDA
   Corn            0.649    0.627-0.750  0.632     0.989
   Soybeans        0.122    0.107-0.131  0.125     0.169
   Wheat           0.713    0.671-0.754  0.691     0.743
 
March World Grain, Soybean Carryout
The following are estimates in millions of metric tons for 2012-13 world grain and soybean ending stocks.
                                              Feb
                                             2012-13     2011-12
                    Average      Range        USDA        USDA
   Corn             117.87   116.00-120.00  118.04     131.01
   Soybeans          59.58    58.00-60.60     60.12      55.25
   Wheat            176.69   174.50-179.00  176.73     196.54
 
 
 
March Argentina, Brazil Corn, Soybean Production
The following are estimates in millions of metric tons for Argentina and Brazil soybean and corn production.   
                                           Feb    2011/12
                      Average   Range      USDA   Output
 Argentina
   Corn               25.6    24.0-27.0   27.0    21.0
   Soybeans           51.0    48.5-53.0   53.0    40.1
 Brazil
   Corn               72.6    71.6-73.5   72.5    73.0
   Soybeans           83.4    82.0-84.5   83.5    66.5

All information is from sources believed to be reliable, but it is not guaranteed as to accuracy, nor is it purported to be complete. Any information contained herein is subject to change without notice. Efutures cannot be responsible for any damages, alleged or otherwise, that may result from any used made by any person upon any information in this publication. Investors are reminded of inherent risks associated with trading futures and options on futures contracts, much like any leveraged instrument.