6/10 07:30 CDT June 10 U.S. soy, wheat, corn highlights - USDA
6-10-2008 07:30 June 10 U.S. soy, wheat, corn highlights - USDA

June 10 (Reuters) - The U.S. Agriculture Department issued
the following key U.S. crop information in its monthly world
supply-and-demand report.
The data includes last month’s forecast for comparison.
SOYBEANS
(Million bushels, except where noted)
2006/07 2007/08 2008/09 Projections
Actual Estimate May June
SOYBEANS
Planted (mln acre) 75.5 63.6 74.8 74.8
Harvested (mln acre) 74.6 62.8 73.8 73.8
Yield/acre (bu) 42.7 41.2 42.1 42.1
Production 3,188 2,585 3,105 3,105
Crushings 1,806 1,840 1,850 1,840
Exports 1,118 1,110 1,050 1,050
Ending stocks 574 125 185 175

SOYBEAN OIL (mln lbs)
Production 20,487 21,250 21,090 20,975
Exports 1,889 3,100 2,650 2,650
Ending stocks 3,085 2,885 2,679 2,660

SOYBEAN MEAL (thou short tons)
Production 43,027 43,784 43,985 43,785
Exports 8,786 9,200 8,800 8,900
Ending stocks 351 300 300 300

WHEAT

Planted (mln acre) 57.3 60.4 63.8 63.8
Harvested (mln acre) 46.8 51.0 56.3 56.3
Yield/acre (bu) 38.7 40.5 42.5 43.2
Production (mln bu) 1,812 2,067 2,392 2,432
Exports (mln bu) 909 1,265 975 1,000
Ending stocks (mln bu) 456 254 483 487

WHEAT BY CLASS
(mln bushels)

Year beginning Hard Hard Soft
June 1 Winter Spring Red White Durum Total
2007/08
Production 962 449 358 227 72 2,067
Exports 530 310 220 165 40 1,265
Ending stocks
June 106 64 46 26 12 254
May 96 64 41 26 12 239

WINTER WHEAT PRODUCTION BY CLASS
(thousand bushels)
Hard Soft Hard Soft All
Red Red White White White
2007/2008 961,588 357,897 21,460 175,044 196,504

2008/09 (projected)
May 1,011,255 550,826 23,172 192,279 215,451
Jun 1,029,523 571,627 23,212 193,002 216,214

CORN
(Million bushels, except where noted)
2006/07 2007/08 2008/09 Projections
Actual Estimate May June
Planted (mln acre) 78.3 93.6 86.0 86.0
Harvested (mln acre) 70.6 86.5 78.8 78.8
Yield/acre (bu) 149.1 151.1 153.9 148.9
Production 10,535 13,074 12,125 11,735
Exports 2,125 2,450 2,100 2,000
Ending stocks 1,304 1,433 763 673

U.S. ETHANOL PRODUCTION
Ethanol for Fuel 2,117 3,000 4,000 4,000

U.S. SOY OIL FOR BIODIESEL
Methyl Ester 2,763 2,800 3,200 3,100

FORECASTS:
Analysts polled by Reuters expected the USDA report
to show the following U.S. crop data:

Corn 2007/08 end stocks…………1.429 bln bushels
Corn 2008/09 end stocks…………755 mln bushels
Soybeans 2007/08 end stocks……….134 mln bushels
Soybeans 2008/09 end stocks……….172 mln bushels
Wheat 2007/08 end stocks………….241 mln bushels
Wheat 2008/09 end stocks………….508 mln bushels
All Wheat crop 2008/09……………2.420 bln bushels
Hard Red, Winter 2008/09…………1.038 bln bushels
Soft Red, Winter 2008/09…………562 mln bushels
White, Winter 2008/09……………213 mln bushels
All Winter 2008/09…………….1.812 bln bushels

NOTES: To access a table highlighting key data released
by USDA, Reuters 3000Xtra clients can either type AGUSA in a
quote browser and hit ENTER or double-click on .

LINKS:
* USDA monthly world supply/demand report
* USDA quarterly Grain Stocks data
* CBOT soybean futures prices <0#S:>
* CBOT corn futures prices <0#C:>
* CBOT wheat futures prices <0#W:>
* NYBOT cotton futures prices <0#CT:>
* NYBOT orange futures prices <0#OJ:>
* Reuters top softs news [TOP/SOF]
* Reuters top commodities news [TOP/C]

((Washington commodities desk, +1 202 898-8415;
washington.commodsenergy.newsroom@news.reuters.com))

And on top of this very bullish report for corn and soybeans we have horrific flooding in most of the Midwest, and it will continue much of the week. Sorry about the additional mailbag but that will be up soon too. it was delayed due to market volatility.

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