US S&D Summary 11/09

                                 US Supply/Demand Estimates      11/09
Million Bushels
            --------Corn-------    ------Soybeans-----  -------Wheat------
Crop Year   20-21   20-21   21-22  20-21  20-21  21-22   20-21   20-21   21-22
Report Dat  11/09   10/12   11/09  11/09  10/12  11/09   11/09   10/12   11/09
Carryin     1,920   1,237   1,237    525    256    256   1,028     845     845
Production 14,111  15,018  15,062  4,216  4,448  4,425   1,828   1,646   1,646
Imports        24      25      25     20     15     15     100     125     115
Tot Supply 16,055  16,280  16,324  4,761  4,719  4,696   2,957   2,616   2,606

Feed        5,600   5,650   5,650                           95     135     135
Crush/mill  1,407   1,400   1,400  2,141  2,190  2,190     961     964     962
EthanolPro  5,028   5,200   5,250
Seed/other     30      30      30     98    119    117      64      62      66
Exports     2,753   2,500   2,500  2,266  2,090  2,050     992     875     860
Total Use  14,819  14,780  14,830  4,504  4,399  4,357   2,111   2,036   2,023
Carryout    1,237   1,500   1,494    256    320    340     845     580     583
Stks/UseRa   8.3%   10.1%   10.1%   5.7%   7.3%   7.8%   40.0%   28.5%   28.8%
Avg Price   $4.53   $5.45   $5.45 $10.80 $12.35 $12.10   $5.05   $6.70   $6.90
*Excludes corn for ethanol

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