USDA Crop Report Summary

US PRODUCTION

US CORN: 12.288 billion bu.; trade expected 11.986 billion bu. -- compares to 11.715 bil. bu. in July; 13.074 bil. bu. in 2007.

US BEANS: 2.973 billion bu.; trade expected 3.001 billion bu. -- compares to 3.00 bil. bu. in July; 2.585 billion bu. in 2007.

US ALL WHEAT: 2.462 billion bu.; trade expected 2.459 billion bu. -- compares to 2.461 bil. bu. in July; 2.067 bil. bu. in 2007.

2008-09 U.S. CARRYOVER

CORN: 1.133 billion bu.; up from July proj. of 833 million bu.

BEANS: 135 million bu.; down from July proj. of 140 million bu.

WHEAT: 574 million bu.; up from July proj. of 537 million bu.

GLOBAL PRODUCTION HIGHLIGHTS

ARGENTINE BEANS: 46.5 MMT; down from July est. of 47.0 MMT -- 2008-09: 49.50 MMT; up from July proj. of 48.0 MMT.

BRAZIL BEANS: 61.0 MMT; unch from July est. of 61.0 MMT -- 2008-09: 62.50 MMT; down from July proj. of 64.0 MMT.

ARGENTINE WHEAT: 16.0 MMT; unch from July est. of 16.0 MMT -- 2008-09: 13.5 MMT; down from July proj. of 14.5 MMT.

AUSTRALIA WHEAT: 13.04 MMT; unch from July est. of 13.04 MMT -- 2008-09: 25.0 MMT; unch from July proj. of 25.0 MMT.

CHINA WHEAT: 109.86 MMT; unch from July est. of 109.86 MMT -- 2008-09: 114.0 MMT; unch from July proj. of 114.0 MMT.

CANADA WHEAT: 20.05 MMT; unch from July est. of 20.05 MMT -- 2008-09: 25.0 MMT; up from July proj. of 24.5 MMT.

EU-27 WHEAT: 119.25 MMT; down from July est. of 119.48 MMT -- 2008-09: 143.17 MMT; up from July proj. of 141.7 MMT.

CHINA CORN: 151.83 MMT; unch from July est. of 151.83 MMT -- 2008-09: 153.0 MMT; unch from July proj. of 153.0 MMT.

ARGENTINE CORN: 21.0 MMT; unch from July est. of 21.0 MMT -- 2008-09: 22.0 MMT; down from July proj. of 23.5 MMT.

SOUTH AFRICA CORN: 12.0 MMT; up from July est. of 11.5 MMT -- 2008-09: 11.5 MMT; unch from July proj. of 11.5 MMT.

BRAZIL CORN: 57.5 MMT; unch from July est. of 57.5 MMT -- 2008-09: 57.0 MMT; unch from July proj. of 57.0 MMT.