Satellite data steers corn clear of pothole ( Friday 06/08/2012 ).

Discussion in 'Ag Futures' started by kanellop, Jun 10, 2012.

  1. kanellop

    kanellop

  2. kanellop

    kanellop

    This Hour i wonder something else.

    The USDA on 05/10/2012 estimate,

    U.S.A Corn Supply/Demand ( In Million Acres and Bushels )

    Planted Acres 11-12: 91.90

    Planted Acres 12-13: 95.90

    Percentage ( % ) Harvested 11-12: 91.40

    Percentage ( % ) Harvested 12-13: 92.90

    Harvested Acres 11-12: 84.00

    Harvested Acres 12-13: 89.10

    Yield 11-12: 147.20

    Yield 12-13: 166.00

    Beginning Stocks 11-12: 1128

    Beginning Stocks 12-13: 851

    Production 11-12: 12358

    Production 12-13: 14790

    Imports 11-12: 20

    Imports 12-13:15

    Total Supply 11-12: 13506

    Total Supply 12-13: 15656

    Feed/Residual 11-12: 4550

    Feed/Residual 12-13: 5450

    Food/Seed 11-12: 1405

    Food/Seed 12-13: 1425

    Ethanol 11-12: 5000

    Ethanol 12-13: 5000

    Exports 11-12: 1700

    Exports 12-13: 1900

    Total Usage 11-12: 12655

    Total Usage 12-13: 13775

    Ending Stocks 11-12: 851

    Ending Stocks 12-13: 1881

    Now, if Lanworth's Number of 12-13 U.S.A Corn Production will be 13645 Millions Bushels,

    then exist significant changes in the USDA 05/10/2012 estimate.

    USDA believes Production of 12-13: 14790.

    14790 - 13645 ( Of Lanworth's ) = 1145 ( 12-13 "Missing" Production ).

    Based on that Number,

    in the USDA 05/10/2012 estimate,

    the Ending Stocks for 12-13 will be,

    1881 - 1145 = 736 !

    Which is the Opinion for that of the other Forum Members ?

    Kind Regards,

    George Kanellopoulos.