Smaller World Coarse Grain Harvest

WASHINGTON - Jun 10/09 - SNS -- Global coarse grain supplies for 2009-10 are projected 8.1 million metric tons (MT) lower this month at 1074.5 million MT with lower U.S. corn production accounting for nearly half the reduction, according to the latest supply and demand outlook from the USDA's World Agricultural Outlook Board.

U.S. feed grains supplies for 2009-10 are projected lower with reduced prospects for corn yields and production. Corn production for 2009-10 is projected at 11.9 billion bushels, down 155 million from last month’s projection. The national average yield is projected at 153.4 bushels per acre, 2 bushels lower as continued planting delays through late May reduce yield prospects, especially for the eastern Corn Belt.

Early planting in the western Corn Belt and improved crop conditions from last year at this time, as reported in the June 8 Crop Progress, are expected to partly offset the poor start to this year’s crop in other parts of the country. Corn supplies are projected at 13.6 million bushels, down 190 million bushels from 2008-09.

Global coarse grain beginning stocks are lowered 1.0 million MT with a 0.5- million-ton reduction for 2008-09 Brazil corn production and reduced corn carryin for Russia and Ukraine due to higher 2008-09 exports. Global corn production is lowered 3.7 million MT with the 3.9-million-ton reduction for the United States only partly offset by a 1.0-million-ton increase for Ukraine on higher reported area.

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