Oil Crops Outlook: May 2012

by Mark Ash

Using a long-term yield trend of 43.9 bushels per acre and an estimated harvested area of 73 million acres, the U.S. soybean crop for 2012 is projected up 5 percent to 3.205 billion bushels. Fast early shipments are forecast to raise U.S. soybean exports for 2012/13 to a record 1.505 billion bushels. Season-ending soybean stocks are projected at 145 million bushels-near an all-time low as a percentage of total use. Another record high could be set in 2012/13 for the U.S. soybean farm price at $12 to $14 per bushel.

Keywords: Soybean S&D, Soybean meal, soybean oil, cottonseed, cottonseed oil, peanuts, oilseed prices, vegetable meal prices

In this publication...

• Oil Crops Outlook: May 2012
• Table 1-Soybeans: U.S. supply and disappearance
• Table 2-Soybean meal: U.S. supply and disappearance
• Table 3-Soybean oil: U.S. Supply and disappearance
• Table 4-Cottonseed: U.S. Supply and disappearance
• Table 5-Cottonseed meal: U.S. supply and disappearance
• Table 6-Cottonseed oil: U.S. supply and disappearance
• Table 7-Peanuts: U.S. supply and disappearance
• Table 8-Oilseeds prices received by U.S. farmers
• Table 9-U.S. vegetable oil and fats prices
• Table 10-U.S. oilseed meal prices

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