do you really think Soys are likely to have the second highest yield per acre number when hardly anyone is talking about liking their beans? Alrighty.. let's try this one then.. Shaved a little more off harvested acres.. lowered the yield.. that does snug it up considerably.. lowered usage a smidge.. edit add: WAOB definitely wants to hammer the Wheat acreage for 16/17.. see the reduction in seed.. I thunked that maybe the drought would last longer.. and that El Nino was going to continue to be a no show.. "whoopsie." Flip side.. the Wheat world isn't so rosey in other parts of the globe.. exports might get a little pop.. WAOB thinks Sat et all can ramp up corn acres from Spring Wheat.. reading the tea leaves.. (just don't call me a guru...) However, I still think the AMO/PDO cycle is gonna target the Northern Plains eventually.. 2016?? 2017..??? Kind of like Shark Week.. "it's out there.. and it's gonna surface someday.." | Jul-15 | | | | | | | WASDE - 535 - 15 | | | | | | | | | | | | | | | | | | | U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ | | | | | | | | | | | | | | | | | SOYBEANS | 2012/13 | 2013/14 | 2014/15 Est. | 2015/16 Proj. | | | 2015/16 Proj. | 2015/16 Proj. | | | | | | | Jon SCKs | Jon SCKs | Filler | Filler | Filler | Filler | Filler | | | | | | | | | Million Acres | | | | | | | Area Planted | 77.2 | 76.8 | 83.7 | 85.1 | | | 83.6 | 82.5 | -1.1 | Area Harvested | 76.1 | 76.3 | 83.1 | 84.4 | | | 83.4 | 82.3 | -1.1 | Filler | | | Bushels | | | | | | | Yield per Harvested Acre | 40 | 44 | 47.8 | 46 | | | 43.6 | 47.3 | 3.7 | | | | Million Bushels | | | | | | | Beginning Stocks | 169 | 141 | 92 | 255 | | | 255 | 176 | -79 | Production | 3042 | 3358 | 3969 | 3885 | | | 3636 | 3893 | 257 | Imports | 41 | 72 | 30 | 30 | | | 35 | 38 | 3 | Supply, Total | 3252 | 3570 | 4091 | 4170 | | | 3926 | 4107 | 181 | Crushings | 1689 | 1734 | 1830 | 1840 | | | 1830 | 1865 | 35 | Exports | 1317 | 1647 | 1825 | 1775 | | | 1790 | 1820 | 30 | Seed | 89 | 97 | 99 | 92 | | | 92 | 92 | 0 | Residual | 16 | 0 | 82 | 38 | | | 38 | 37 | -1 | Use, Total | 3111 | 3478 | 3836 | 3745 | | | 3750 | 3814 | 64 | Ending Stocks | 141 | 92 | 255 | 425 | | | 176 | 293 | 117 | Avg. Farm Price ($/bu) 2/ | 14.4 | 13 | 10.05 | 8.50 - 10.00 | | | 9.25 - 12.50 | 9.00 - 12.00 | Total | | | | | | | | |
Edited by JonSCKs 7/10/2015 14:40
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