USDA Baseline Projections

Posted by Nogger - a legend in his own mind at 08:55 | Categorized as

The USDA came out yesterday with their long-term so-called "baseline" projections for crop production and supply & demand. Here's what they had to say for US corn and wheat:

CORN              09/10    10/11    11/12    12/13    13/14    14/15
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Acres              86.4     88.0     90.0     89.5     89.5     89.5
Yield (bu/acre)   162.9    160.4    162.4    164.4    166.4    168.4
Production        12.92    12.96    13.45    13.53    13.70    13.86
Domestic Usage    10.88    10.97    11.13    11.32    11.48    11.61
Of which..
 Ethanol for fuel  4.20     4.40     4.55     4.70     4.83     4.88
Exports            2.10     2.15     2.20     2.25     2.28     2.30
Ending Stocks      1.63     1.48     1.61     1.59     1.55     1.52
Stocks/usage %     12.5     11.3     12.1     11.7     11.3     10.9
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WHEAT
Acres              59.1     55.0     56.0     55.0     53.5     54.0
Yield (bu/acre)    44.4     42.7     43.9     44.2     44.6     44.9
Production         2.22     2.00     2.09     2.07     2.03     2.06
Domestic Usage     1.22     1.25     1.28     1.30     1.31     1.32
Exports            0.88     0.88     0.90     0.90     0.90     0.90
Ending Stocks      0.89     0.87     0.90     0.87     0.81     0.78
Stocks/usage %     42.2     41.2     41.1     39.6     36.8     35.1
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