1996/97		1997/98		1997/98
 		Dec 11 		Nov 10 		Dec 11 

"Corn"

(in million bushels)

Carry In	  426		   884		   884
Production	9,293		 9,359		 9,359
Imports		   13		    10		    10
Total Supply	9,732		10,253		10,253
 Feed		5,368		 5,625		 5,650
 Crush/Mill	1,660		 1,745		 1,745
 Seed/Other	   30		    30		    30
Exports		1,790		 1,925		 1,875
Total Use	8,848		 9,325		 9,300
End Carryout	  884		   928		   953
Average Price	$2.70		 $2.65		 $2.60

"Soybeans"

(in million bushels)

Carry In 	183132132
Production	2,383		2,736		2,736
Imports		   10		    4		    4
Total Supply	2,576		2,872		2,872
 Feed
 Crush/Mill	1,436		1,500		1,500
 Seed/Other	  126		  137		  137
Exports		  882		  980		  980
Total Use	2,444		2,617		2,617
End Carryout	  132		  255		  255
Average Price	$7.38		$6.40		$6.60

"Wheat"

(in million bushels)

Carry In 	  376		  444		  444
Production	2,282		2,527		2,527
Imports		   92		   94		   89
Total Supply	2,750		3,065		3,060
 Feed		  310		  325		  325
 Crush/Mill	  892		  910		  910
 Seed/Other	  103		  100		  100
Exports		1,001		1,075		1,075
Total Use	2,306		2,410		2,410
End Carryout	  444		  655		  650
Average Price	$4.30		$3.55		$3.50

Nothing too surprising this month. USDA did trim their corn export figure another 50 mil. bushels, but added 25 mil. bushels back in as extra feed usage. (The increase is a little surprising since they would generally wait until next month's stocks report to change feed use.) USDA did not change bean use. They cut U.S. wheat imports by 5 mil. bushels and dropped the carryout by an equal amount. The expected average prices were tweaked to more accurately reflect price levels noted so far this marketing year.

December 11, 1997 DTN Grains

Statistics

CHICAGO BOT DELIVERABLE GRAIN STOCKS

EXPORT SALES REPORT

REDBOOK RETAIL AVERAGES Retail Sales Index

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

U.S. EXPORT INSPECTIONS

NAPM REPORT ON BUSINESS

COTTON GINNINGS

CROP PRODUCTION HIGHLIGHTS & SUMMARY

USDA U.S. SUPPLY/DEMAND PROJECTIONS

ADVANCE MONTHLY RETAIL SALES SUMMARY–NOVEMBER 1997

MANUFACTURING AND TRADE INVENTORIES AND SALES SUMMARY OCTOBER 1997

MONTHLY WHOLESALE TRADE SALES AND INVENTORIES OCTOBER 1997

U.S. IMPORT AND EXPORT PRICE INDEXES–NOVEMBER 1997

PRODUCER PRICE INDEXES NOVEMBER 1997

Consensus National Futures and Financial On Line Index

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