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Soybean Supply & Demand Projections for 2008 - 2009 Updated - 7/3/08 |
2008 - 2009 Projections
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Projected 2008 -09 of 74.8 Million Acres June 30 Crop Report |
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| Soybeans | 2008-09 | ||||||||
| Beginning Stocks | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 |
| Planted Acres | 74.5 | 74.5 | 74.5 | 74.5 | 74.5 | 74.5 | 74.5 | 74.5 | 74.5 |
| Harvest Acres | 72.1 | 72.1 | 72.1 | 72.1 | 72.1 | 72.1 | 72.1 | 72.1 | 72.1 |
| Yield | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 |
| Production | 2,740 | 2,813 | 2,885 | 2,957 | 3,029 | 3,101 | 3,173 | 3,245 | 3,317 |
| Imports | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Total Supply | 2,873 | 2,946 | 3,018 | 3,090 | 3,162 | 3,234 | 3,306 | 3,378 | 3,450 |
| Feed & Residual | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 |
| Other | 172 | 172 | 172 | 172 | 172 | 172 | 172 | 172 | 172 |
| Exports | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 |
| Total Use | 3,062 | 3,062 | 3,062 | 3,062 | 3,062 | 3,062 | 3,062 | 3,062 | 3,062 |
| Ending Stocks | -189 | -116 | -44 | 28 | 100 | 172 | 244 | 316 | 388 |
| Ending Stocks/Use | -6.2% | -3.8% | -1.4% | 0.9% | 3.3% | 5.6% | 8.0% | 10.3% | 12.7% |