Colosseum a.s. (Colosseum a.s.)
Commodities  |  November 09, 2012 17:22:28

WASD USDA report from November 9, 2012



ColosseumDurum wheat production worldwide projections in marketingovom year 2012/13 was the latest report of the Ministry of Agriculture USA reduced to 651 million from the October forecast 653 million tonnes. Estimate of worldwide consumption was reduced to 675 million ton (októbrový assumption: 678 million). Final worldwide stocks to be 174 million tons (októbrový estimate: 173 million tons). Soy beans Global soybean production in the year 2012/13 should be approximately 268 million tons (októbrový estimate: 264 million). Estimation of global consumption was increased from 259 to 261 million tonnes. Forecasting closing stock was increased to 60 million tons (októbrový estimate: 58 million tonnes). USDA corn assuming a global corn production will be 840 million tons (októbrový estimate: 839 million) and consumption should reach a level of 853 million tonnes (estimate unchanged).Worldwide closing stocks of maize would be able to reach a level of 118 million tonnes, which is higher compared to the October forecast 117 million tonnes. Cotton USDA anticipates that global cotton production will be 117 million Baal (októbrový estimate: 116 million) and consumption should reach a level of 106 million Baal (októbrový estimate: 107 million). Worldwide closing stocks of cotton would be able to move at about 80 million of Baal, which is higher compared to the October forecast 79 million Baal.

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