Gulke''s Latest Supply/Demand Estimates
USDA | SMS1 | SMS2 | |
Planted acres (mil) | 87 | 25 | 25 |
Harv. acres (mil) | 80.1 | 78.4 | 78.4 |
Yield (bu./acre) | 153.4 | 153.4 | 156.5 |
Carrin (Sept. 1) | 1,770 | 1,770 | 1,820 |
Production | 2,291 | 12,021 | 12,264 |
Imports | 15 | 15 | 15 |
Total supply | 14,076 | 13,806 | 14,099 |
Feed & resid. | 5,200 | 5,200 | 5,200 |
Food/seed/ind. | 5,375 | 5,375 | 5,378.5 |
Ethanol fuel | 4,100 | 4,100 | 4,100 |
Dom. use | 10,575 | 10,575 | 10,575 |
Exports | 1,950 | 1,950 | 1,900 |
Total use | 15,525 | 12,525 | 12,475 |
Carryout (Aug. 30) | 1,551 | 1,281 | 1,624 |
Stocks/use | 12.4% | 10.2% | 13.0% |
Farm price | 3.35-4.15 | 3.35-4.15 | 3.30 |