Oil Crops Outlook: June 2012
- by Mark Ash
- 6/13/2012
Overview
Export shipments of U.S. soybeans for 2011/12 are forecast up 20 million bushels this month to 1.335 billion. And the 2011/12 soybean crush is forecast 15 million bushels higher this month to 1.66 billion based on higher demand for soybean meal. Higher soybean demand would further reduce U.S. season-ending stocks for 2011/12 to 175 million bushels, compared to last month's forecast at 210 million. Despite reductions in 2012/13 use, the smaller carryover would reduce season-ending soybean stocks to 140 million bushels-a level that would cover only 16 days of use.
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Oil Crops Outlook: June 2012
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Table 1?Soybeans: U.S. supply and disappearance
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Table 2?Soybean meal: U.S. supply and disappearance
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Table 3?Soybean oil: U.S. supply and disappearance
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Table 4?Cottonseed: U.S. supply and disappearance
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Table 5?Cottonseed meal: U.S. supply and disappearance
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Table 6?Cottonseed oil: U.S. supply and disappearance
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Table 7?Peanuts: U.S. supply and disappearance
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Table 8?Oilseeds prices received by U.S. farmers
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Table 9?U.S. vegetable oil and fats prices
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Table 10?U.S. oilseed meal prices
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