Domestic changes this month are based in part on USDA’s National Agricultural Statistics Service's Crop Production 2010 Summary and January Grain Stocks reports. Feed grain production for 2010/11 is estimated at 330.0 million tons, down 2.2 million from last month as lower corn production more than offsets an increase in sorghum output. Projected 2010/11 corn ending stocks are lowered 86 million bushels as a small increase in imports only partly offsets the lower production estimate. At 5.5 percent of projected usage, ending stocks would be their lowest since 1994/95. Projected season average prices are raised for corn, sorghum, and oats.
December 1 hay stocks per roughage-consuming animal unit (RCAU) are down from last year, but silage production per RCAU is up as the decline in RCAUs outpaces that for silage. U.S. and foreign 2010/11 coarse grain production and ending stocks are reduced this month. Forecast World coarse grain ending stocks for 2010/11 are down 20 percent from the previous year and are lower than in 18 of the previous 20 years. Read more...
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.
No comments:
Post a Comment