From WILL - Ag USDA Reports - February 22, 2008

USDA 2008 Economic Outlook Forum Corn Supply and Demand Estimates, released February 22, 2008

USDA 2008 Economic Outlook Forum Corn Supply and Demand Estimates (released February 22, 2008)
released February 22, 2008
- USDA 2008/09 Estimate Change from 2007/08 USDA 2007/08 (From February USDA NASS and WASDE Reports USDA 2006/07 February Informa - Released February 22 Congressional Budget Office Pro Farmer
Planted Acres 90.0 -3.6 93.6 78.3 90.048 88.0 88.4
Harvested Acres 82.7 +3.8 86.5 70.6 - - -
Production 12,810 -264 13,074 10,535 - - -
Beginning Stocks 1,438 +134 1,304 1,967 - - -
Feed and Residual 5,400 -550 5,950 5,598 - - -
Ethanol Use 4,100 +900 3,200 2,117 - - -
Total Domestic 10,870 +365 10,505 9,086 - - -
Exports 2,150 -300 2,450 2,125 - - -
Total Use 13,020 +25 12,955 11,210 - - -
Ending Stocks 1,243 -195 1,438 1,304 - - -
Season Average Farm Price 4.60 +.60 4.0-0 3.04
Categories: Agriculture
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