World Crop Forecast Report

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    2013/14 world corn production: 956 [912999] million tons, 4 million tons below USDA

    2013/14 world soybean production: 283 [259300] million tons, 3 million tons below USDA

    2013/14 world wheat production: 694 [670727] million tons, 4 million tons below USDA

    In this report Lanworth updates production outlooks for 2013/14 China, Ukraine, and US corn; Australia,

    Canada, Kazakhstan, Russia, and US wheat; US soybean; and Australia canola. Recent and expected warm

    temperatures and/or precipitation extremes indicate moderately lower crop yield potential in China, the

    Former Soviet Union, and the US. Continued warming and extreme precipitation in these Northern

    Hemisphere regions could lower world corn, soybean, and wheat production well below USDAs projections.

    However, long-term US weather forecasts calling for average to below average temperatures and average to

    above average precipitation do not align consistently with recent weather. Uncertainty thus remains high forUS growing conditions during yield formation in July-August. Northern Hemisphere production will

    nevertheless exceed last years under any forward weather scenario, as recent and expected temperatures

    generally remain lower, and soil moisture remains higher, than last years anomalous levels. Outlooks for a

    neutral ENSO and a negative Indian Ocean Dipole do not indicate elevated risk of widespread extreme

    drought in Southern Hemisphere production areas such as preceded the 2012 harvest.

    2013/14 CORN PRODUCTION

    2013/14 China corn production: 216 [204218] million tons, down

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    CHINA CORN PRODUCTION

    Lanworth lowers 2013/14 China corn production slightly to 216 [204218] million tons following review of

    weather and imagery. Recent and expected above average precipitation greatly lowers the probability of

    extreme drought in key corn production areas but raises the probability of yield losses in the Northeast

    region. Short-term weather forecasts call for above normal precipitation into late July. Should wet conditions

    continue through August, China corn production could fall as low as 204 million tons. Despite this risk,

    higher corn planted area combined with high soil moisture and rapid crop development imply record high

    production under most forward weather scenarios.

    UKRAINE CORN PRODUCTION

    Lanworth holds 2013/14 Ukraine corn production unchanged at 24.2 [22.030.5] million tons. Temperatures

    remain moderately above, and precipitation moderately below, normal. Production will fall near Lanworths

    lower bound should July-August temperatures reach record levels set in 2010, while an unexpected shift to

    decadal low temperatures would raise production to Lanworths upper bound.

    UNITED STATES CORN PRODUCTION

    Lanworth lowers its median 2013/14 US corn yield estimate by 1% to 156.5 [143.3165.8] bushels per acre

    based on recent and expected warm and/or dry conditions, field observations in northern and central Iowa,

    and early-season imagery. Temperatures during much of the past two weeks exceeded forecast levels across

    US production areas, while precipitation fell 50-90% below normal. Forecasts remain variable but now

    indicate warm temperatures in western production areas and normal temperatures in central and eastern

    production areas over the next two weeks. Relatively dry conditions are expected to continue in Iowa,

    Kansas, much of Missouri, and Nebraska through much of the next one to two weeks. Without above-

    average precipitation during the final week of the month, precipitation this July could approach the

    historically low levels set last year. Should they be sustained through August, warm and dry conditions could

    combine to greatly lower production potential from Lanworths current estimates in Kansas (-75 million

    bushels) and Nebraska (-140 million bushels), where soil moisture levels are only moderately higher than

    last years lows.

    Figure 1: Crop vegetation density for China provinces accounting for 61% of potential corn production, 2013,

    2012, and 2007-2011 average, with estimated or expected deviation of 2012 and 2013 corn yield from trend

    shown in parenthesis. Crop vegetation density in 2013 is similar to that of 2012, when yields approached trend.

    Lanworth CP19 Wednesday, July 17, 2013 Page 2 of 16

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    Additional risk to Lanworths US corn yield estimate correlates with a shift to extreme warm and dry

    conditions in Iowa (-185 million bushels) and Minnesota and Missouri (-60 to -65 million bushels each)

    following delayed planting. Initial field observations in central and northern Iowa indicate potentially

    significant yield losses due to poor planting conditions and establishment problems. USDAs Objective Yield

    data from similar late planted seasons indicate that reductions from trend plant population density and ears

    per plant could lower corn yield potential by as much as 4-5%. The Objective Yield data also indicate that,

    under relatively warm and dry forward weather, ear weight reductions from trend could further lower Iowayield potential by as much as 10-15%. Ear weight losses as extreme as last year (20% or greater) appear

    unlikely, however, due to gains in soil moisture since last year. Lanworths current estimates of yield losses in

    Iowa, Minnesota, and western production states are partially offset by yield gains following due to increased

    soil moisture and relatively moderate temperatures in Illinois, Indiana, Ohio, and Michigan.

    Given recent weather variation, lack of agreement between short- and long-term weather forecasts, and

    extreme variability in summer weather following past cool and wet spring seasons, Lanworth continues to

    assume equal probability of below-, near-, and above-trend temperature and precipitation after July.

    Though a return to favorably cool temperatures cannot be ruled out, early-season imagery over corn

    production areas sets likely upper limits to yield in states with extreme planting delays: Iowa, Minnesota,

    Missouri, North Dakota, and Wisconsin. Taken with Lanworths planted area estimate, current yield

    expectations set 2013/14 US corn production at 13,650 [12,40014,700] million bushels. The range indicates

    substantial losses from USDAs 13,950 million bushels should warm and dry weather spread and/or

    intensify, though normal or cool and wet weather could support production near or above USDAs projection.

    2013/14 SOYBEAN PRODUCTION

    2013/14 US soybean production: 90.2 [84.294.5] million tons, down 1% from last report

    As with corn, variation in 2013/14 world soybean supply depends primarily on July-August precipitation and

    temperature over US production areas. Current outlooks for continued neutral ENSO conditions do not pose

    extreme risk to USDAs South American soybean production outlooks.

    Figure 2: Corn vegetation density profiles for major producing US states, 2013, 2008, and 2007-2011 average,

    with actual or expected deviation of 2008 and 2013 yield from trend shown in parenthesis. Corn yields fell near

    trend in 2008 when delayed crop development was followed by below-trend summer temperatures. The 2008

    yield deviations provide approximate upper bounds for the 2013 season under similarly supportive conditions.

    Lanworth CP19 Wednesday, July 17, 2013 Page 3 of 16

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    UNITED STATES SOYBEAN PRODUCTION

    Risks to Lanworths 2013/14 US soybean yield outlook are similar to those for corn. Initial field observations

    confirm delayed canopy development across much of northern and central Iowa. Accounting for recent and

    expected warm and/or dry weather and likely impacts on pod density and weights in Iowa, as implied by

    USDAs Objective Yield data, lowers Lanworths soybean yield outlook by 1% to 42.9 [40.345.0] bushels per

    acre. Taken with Lanworths planted area estimate, this yield range sets 2013/14 US soybean production at

    3,315 [3,1003,475] million bushels. Achieving USDAs projected 3,420 million bushels would require

    relatively wet conditions through the end of August.

    2013/14 WHEAT PRODUCTION

    2013/14 Australia wheat production: 25.1 [19.229.8] million tons, up

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    production than last years drought impacted 9.8 million tons. Should relatively normal precipitation and

    cool temperatures persist through August, Kazakhstan wheat production could reach 18.6 million tons.

    RUSSIA WHEAT PRODUCTION

    Lanworth lowers 2013/14 Russia wheat production by 2% to 50.0 [46.553.5] million tons. Updated imagery

    and warm conditions indicate winter wheat productivity in the Volga District similar to last years low levels

    (40% below the previous 5-year average). Accounting for these losses places 2013/14 Russia winter wheat

    production at 28.9 [27.030.9] million tons, up 13% from last year. Despite gains in soil moisture followinglast seasons severe drought, recent and expected warm and dry conditions maintain risk of substantial

    spring wheat yield losses in the Siberian and Ural Districts should weather turn anomalously warm and dry

    through August. Current weather outlooks indicate some risk that extreme warm weather will occur in this

    region through the end of July, though precipitation outlooks are variable. As such, Lanworth maintains a

    wide range for potential 2013/14 Russia spring wheat production at 21.0 [19.522.6] million tonsup 73%

    from last years drought-impacted harvest.

    UNITED STATES WHEAT PRODUCTION

    Lanworth raises 2013/14 US all wheat production fractionally to 55.6 [51.759.1] million tons. USDAs July

    Crop Production report raised 2013/14 US winter wheat production by 2% to 1,543 million bushels, 3% higher

    than Lanworths estimated 1,500 million bushels. Most of the deviation occurs in Kansas, where Lanworths

    estimate remains 40 million bushels lower than USDAs based on image analysis and assessment of

    drought and freeze impacts in the western part of the state. Lanworth will continue to assess deviations from

    USDAs yield and harvested area estimates through elevator surveys over the next few weeks. Lanworth

    holds 2013/14 US spring wheat production largely unchanged at 541 million bushels, roughly 5% below

    USDAs July estimate. In years when spring wheat planting was as delayed as this year in Montana and

    North Dakota (1995, 1996, 1999, and 2002), final spring wheat yields fell near or below trend but neverabove. Lanworth will assess spring wheat growing conditions and yield potential through updated weather,

    imagery, fieldwork, and grain elevator surveys through August.

    2013/14 AUSTRALIA CANOLA PRODUCTIONLanworths 2013/14 Australia canola production estimate stands unchanged at 3.2 [2.73.7] million tons.

    June precipitation was above average in eastern production states and soil moisture remains above average

    in Western Australia despite below average June rainfall. Should adequate precipitation and cool

    temperatures continue during flowering and pod fill in July-October, production could reach 3.7 million tons.

    A return to dry conditions, however, could limit production to 2.7 million tons.

    Figure 3: Average April/May-June maximum daily temperature and precipitation, 1985-2013, and crop

    vegetation density, 2013, 2012, and 5-year average, in the Volga District. Weather and crop vegetation density in

    2013 are very similar those of 2012, when winter wheat productivity fell nearly 40% below the previous 5-year

    average. Winter wheat in the Volga District accounts for 9% of potential Russia wheat production.

    Lanworth CP19 Wednesday, July 17, 2013 Page 5 of 16

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    Lanworth CP19 Wednesday, July 17, 2013 Page 6 of 16

    P

    lantedAr

    a

    H

    rve

    stedAea

    Yield

    Produ

    ction

    USDA

    2012/13

    USDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    U

    SDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    USD

    A

    2013/14

    LW

    2013/14

    USDA

    2012/13

    USD

    A

    2013

    /14

    LW

    2013/14

    Arkansas

    710

    1,000

    1,020

    695

    970

    990

    178.0

    162.2

    123,710

    160,613

    Colorado

    1,420

    1,250

    1,350

    1,010

    1,020

    1,082

    133.0

    139.7

    134,330

    151,128

    Illinois

    12,800

    12,200

    12,325

    12,250

    11,900

    12,098

    105.0

    177.3

    1,286,250

    2,144,862

    Indiana

    6,250

    6,100

    6,150

    6,030

    5,900

    5,955

    99.0

    170.7

    596,970

    1,016,400

    Iowa

    14,200

    14,000

    13,800

    13,700

    13,500

    13,345

    137.0

    172.1

    1,876,900

    2,296,046

    Kansas

    4,700

    4,500

    4,200

    3,950

    4,200

    3,701

    96.0

    119.8

    379,200

    443,274

    Kentucky

    1,650

    1,600

    1,650

    1,530

    1,500

    1,529

    68.0

    148.4

    104,040

    226,836

    Louisiana

    540

    750

    650

    530

    740

    620

    173.0

    148.1

    91,690

    91,895

    Michigan

    2,650

    2,800

    2,600

    2,390

    2,470

    2,310

    133.0

    156.5

    317,870

    361,490

    Minnesota

    8,750

    8,700

    8,450

    8,330

    8,200

    7,946

    165.0

    165.2

    1,374,450

    1,312,378

    Mississippi

    820

    950

    950

    795

    900

    896

    165.0

    149.3

    131,175

    133,810

    Missouri

    3,600

    3,450

    3,100

    3,300

    3,250

    2,931

    75.0

    130.4

    247,500

    382,162

    Nebraska

    10,000

    10,200

    10,150

    9,100

    9,800

    9,742

    142.0

    167.6

    1,292,200

    1,632,868

    NorthCarolina

    860

    950

    900

    820

    880

    822

    117.0

    106.3

    95,940

    87,388

    NorthDakota

    3,600

    3,900

    3,440

    3,460

    3,600

    2,981

    122.0

    112.3

    422,120

    334,663

    Ohio

    3,900

    3,950

    4,000

    3,650

    3,680

    3,765

    123.0

    171.5

    448,950

    645,826

    Pennsylvania

    1,460

    1,500

    1,500

    1,000

    1,100

    1,015

    132.0

    132.6

    132,000

    134,619

    SouthDakota

    6,150

    5,900

    6,440

    5,300

    5,300

    6,018

    101.0

    137.8

    535,300

    829,331

    Tennessee

    1,040

    950

    970

    960

    880

    881

    85.0

    131.2

    81,600

    115,534

    Texas

    1,850

    2,400

    2,400

    1,550

    2,100

    1,630

    130.0

    89.6

    201,500

    146,051

    Wisconsin

    4,350

    4,200

    4,150

    3,300

    3,250

    3,226

    121.0

    149.6

    399,300

    482,769

    OtherStates

    5,855

    6,129

    6,129

    3,725

    4,360

    3,875

    136.2

    138.8

    507,301

    537,861

    UnitedStates

    97,155

    97,379

    96,324

    87,375

    89,500

    87,358

    123.4

    15

    6.5

    156.5

    10,780,29613,950

    ,000

    13,667,805

    Table

    1:UScornplantedarea,harvestedarea,yield,andproduc

    tionestimatesbystate,2012/13and

    2013/14.Unitsarethousandacres,bushelsperacre,

    andthousandbushels.

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    Lanworth CP19 Wednesday, July 17, 2013 Page 7 of 16

    P

    lantedAre

    a

    H

    rve

    stedAea

    Yield

    Produ

    ction

    USDA

    2012/13

    USDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    U

    SDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    USD

    A

    2013/14

    LW

    2013/14

    USDA

    2012/13

    USDA

    2013

    /14

    LW

    2013/14

    Arkansas

    3,200

    3,400

    3,280

    3,160

    3,350

    3,238

    43.0

    42.3

    135,880

    137,081

    Illinois

    9,050

    9,400

    9,225

    8,920

    9,350

    9,181

    43.0

    48.3

    383,560

    443,235

    Indiana

    5,150

    5,250

    5,250

    5,140

    5,230

    5,240

    43.5

    49.2

    223,590

    257,891

    Iowa

    9,350

    9,500

    9,475

    9,300

    9,430

    9,421

    44.5

    48.9

    413,850

    460,745

    Kansas

    4,000

    3,950

    4,100

    3,810

    3,890

    4,026

    22.0

    30.1

    83,820

    121,105

    Kentucky

    1,480

    1,600

    1,500

    1,470

    1,590

    1,488

    40.0

    40.3

    58,800

    59,971

    Louisiana

    1,130

    1,110

    1,160

    1,115

    1,080

    1,122

    46.0

    40.5

    51,290

    45,467

    Michigan

    2,000

    1,900

    2,100

    1,990

    1,890

    2,091

    43.0

    42.9

    85,570

    89,663

    Minnesota

    7,050

    6,800

    7,300

    6,990

    6,720

    7,224

    43.0

    41.9

    300,570

    302,682

    Mississippi

    1,970

    1,920

    2,150

    1,950

    1,900

    2,122

    45.0

    42.9

    87,750

    91,107

    Missouri

    5,400

    5,700

    5,350

    5,260

    5,640

    5,269

    29.5

    40.8

    155,170

    214,914

    Nebraska

    5,050

    4,800

    4,900

    4,990

    4,750

    4,857

    41.5

    52.5

    207,085

    254,890

    NorthCarolina

    1,590

    1,700

    1,650

    1,580

    1,680

    1,620

    39.0

    31.7

    61,620

    51,423

    NorthDakota

    4,750

    4,400

    4,575

    4,730

    4,360

    4,534

    34.0

    31.1

    160,820

    141,209

    Ohio

    4,600

    4,550

    4,600

    4,580

    4,530

    4,586

    45.0

    50.7

    206,100

    232,690

    Pennsylvania

    530

    560

    590

    520

    550

    580

    48.0

    43.7

    24,960

    25,324

    SouthDakota

    4,750

    4,800

    4,525

    4,710

    4,750

    4,487

    30.0

    37.5

    141,300

    168,182

    Tennessee

    1,260

    1,360

    1,400

    1,230

    1,330

    1,357

    38.0

    33.5

    46,740

    45,447

    Wisconsin

    1,710

    1,680

    1,550

    1,700

    1,670

    1,539

    41.5

    43.3

    70,550

    66,711

    OtherStates

    3,178

    3,348

    3,348

    2,959

    3,228

    3,214

    39.2

    32.9

    115,973

    105,726

    UnitedStates

    77,198

    77,728

    78,028

    76,104

    76,918

    77,194

    39.6

    4

    4.5

    42.9

    3,014,998

    3,420

    ,000

    3,315,463

    Table

    2:USsoybeanplantedarea,harvestedarea,yield,andproductionestimatesbystate,2012/13

    and2013/14.Unitsarethousandacres,bushelsper

    acre,andthousandbushels.

    Signed on 07/18/2013 13:08:27 by ThomsonReuters

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    Lanworth CP19 Wednesday, July 17, 2013 Page 8 of 16

    Table

    3:2013/14USwinterwh

    eatseededarea,harvestedfraction,yield,andproductionestimatesbystateandclass.Unitsarethousandacres,bushelsperacre,

    andthousandbushels.

    Seede

    dAre

    a

    LW1

    3/

    4Area

    yClass

    HarvestFraction

    Yild

    Prodction

    LW2

    01

    3/14Prod.

    yClass

    USDA

    2013/14

    LW

    2013/14

    HRW

    SRW

    WW

    U

    SDA

    20

    13/14

    LW

    2013/14

    USDA

    2013/14

    LW

    2013/14

    USDA

    2013/14

    LW

    2013/14

    HRW

    SRW

    WW

    Arkansas

    710

    650

    3

    647

    0

    0.87

    0.86

    59.0

    59.1

    36,285

    32,950

    165

    32,785

    0

    California

    610

    610

    528

    0

    82

    0.56

    0.56

    85.0

    85.0

    28,900

    28,900

    24,999

    0

    3,902

    Colorado

    2,200

    2,245

    2,200

    0

    45

    0.68

    0.74

    33.0

    28.5

    49,500

    47,650

    46,697

    0

    953

    Idaho

    770

    770

    177

    0

    593

    0.95

    0.94

    76.0

    79.8

    55,480

    57,440

    13,211

    0

    44,229

    Illinois

    850

    900

    0

    900

    0

    0.96

    0.96

    65.0

    64.2

    53,300

    55,250

    0

    55,250

    0

    Indiana

    470

    440

    0

    440

    0

    0.91

    0.95

    69.0

    70.1

    29,670

    29,430

    0

    29,430

    0

    Kansas

    9,400

    9,600

    9,408

    0

    192

    0.87

    0.83

    40.0

    36.3

    328,000

    290,230

    284,425

    0

    5,805

    Kentucky

    700

    630

    0

    630

    0

    0.83

    0.83

    73.0

    73.0

    42,340

    37,960

    0

    37,960

    0

    Michigan

    620

    640

    0

    406

    234

    0.95

    0.95

    75.0

    73.8

    44,250

    45,000

    0

    28,575

    16,425

    Mississippi

    410

    450

    0

    450

    0

    0.93

    0.93

    57.0

    57.0

    21,660

    23,940

    0

    23,940

    0

    Missouri

    1,100

    1,090

    27

    1,063

    0

    0.88

    0.88

    55.0

    54.3

    53,350

    52,150

    1,304

    50,846

    0

    Montana

    2,200

    2

    ,170

    2,148

    0

    22

    0.98

    0.96

    43.0

    42.2

    92,450

    88,200

    87,318

    0

    882

    Nebraska

    1,450

    1,360

    1,360

    0

    0

    0.80

    0.81

    36.0

    36.2

    41,760

    39,860

    39,860

    0

    0

    NorthCarolina

    990

    990

    0

    990

    0

    0.94

    0.93

    59.0

    55.9

    54,870

    51,420

    0

    51,420

    0

    NorthDakota

    350

    350

    350

    0

    0

    0.91

    0.94

    40.0

    46.9

    12,800

    15,470

    15,470

    0

    0

    Ohio

    710

    700

    0

    700

    0

    0.96

    0.97

    67.0

    68.4

    45,560

    46,530

    0

    46,530

    0

    Oklahoma

    5,500

    5,670

    5,613

    57

    0

    0.64

    0.69

    33.0

    27.8

    115,500

    108,260

    107,177

    1,083

    0

    Oregon

    810

    810

    32

    0

    778

    0.99

    0.98

    61.0

    55.5

    48,800

    43,830

    1,753

    0

    42,077

    SouthDakota

    1,200

    1,355

    1,355

    0

    0

    0.54

    0.61

    39.0

    40.5

    25,350

    33,220

    33,220

    0

    0

    Tennessee

    560

    550

    0

    550

    0

    0.88

    0.87

    68.0

    65.0

    33,320

    31,220

    0

    31,220

    0

    Texas

    5,900

    5,

    990

    5,571

    419

    0

    0.34

    0.40

    32.0

    28.5

    64,000

    68,400

    63,612

    4,788

    0

    Washington

    1,710

    1,730

    303

    0

    1,427

    0.98

    0.98

    67.0

    64.7

    112,560

    110,010

    19,252

    0

    90,758

    Wisconsin

    330

    330

    10

    317

    3

    0.85

    0.85

    57.0

    65.5

    15,960

    18,337

    550

    17,604

    183

    OtherStates

    3,147

    3

    ,155

    754

    2,316

    85

    0.79

    0.79

    55.5

    58.1

    137,430

    144,763

    15,090

    126,539

    3,947

    UnitedStates

    42,697

    43

    ,185

    29,840

    9,885

    3,460

    0.76

    0.77

    47.8

    45.4

    1,543,0951,500,420

    754,103

    537,970

    209,161

    Signed on 07/18/2013 13:08:27 by ThomsonReuters

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    P

    lantedAr

    a

    Ha

    rvestedArea

    Yield

    Production

    USDA

    2

    012/13

    USDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    USDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    U

    SDA

    20

    13/14

    LW

    2013/14

    USDA

    2012/13

    US

    DA

    201

    3/14

    LW

    2013/14

    Arizona

    105

    65

    65

    10

    4

    64

    64

    95.0

    105.0

    105.0

    9,880

    6,720

    6,720

    California

    140

    100

    100

    135

    90

    90

    105.0

    95.0

    95.0

    14,175

    8,550

    8,550

    Idaho

    13

    5

    5

    13

    5

    5

    62.0

    62.0

    806

    310

    Montana

    520

    510

    475

    515

    505

    465

    28.0

    30.0

    28.0

    14,420

    15,150

    13,027

    NorthDakota

    1,340

    850

    950

    1,33

    0

    830

    915

    32.0

    32.0

    28.8

    42,560

    2

    6,560

    26,296

    SouthDakota

    5

    8

    8

    5

    8

    8

    23.0

    23.0

    115

    184

    UnitedStates

    2,123

    1,538

    1,603

    2,10

    2

    1,502

    1,547

    39.0

    38.3

    35.6

    81,956

    5

    7,474

    55,087

    Table

    4:USdurum

    wheatplantedarea,harvestedarea

    ,yield,andproductionestimatesbys

    tate,2012/13and2013/14.Unitsare

    thousandacres,

    bushelsperacre,a

    ndthousandbushels.

    P

    lantedAr

    a

    Ha

    rvestedAea

    Yield

    Production

    USDA

    2

    012/13

    USDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    USDA

    2013/14

    LW

    2013/14

    USDA

    2012/13

    U

    SDA

    20

    13/14

    LW

    2013/14

    USDA

    2012/13

    US

    DA

    201

    3/14

    LW

    2013/14

    Colorado

    13

    19

    19

    12

    17

    17

    89.0

    89.0

    1,068

    1,513

    Idaho

    520

    550

    550

    50

    0

    530

    530

    76.0

    77.0

    77.0

    38,000

    4

    0,810

    40,810

    Minnesota

    1,350

    1,200

    1,350

    1,310

    1,100

    1,315

    57.0

    53.0

    53.0

    74,670

    5

    8,300

    69,684

    Montana

    2,950

    2,850

    2,850

    2,90

    0

    2,800

    2,770

    33.0

    35.0

    32.7

    95,700

    98,000

    90,510

    Nevada

    6

    8

    8

    2

    3

    3

    70.0

    70.0

    140

    210

    NorthDakota

    5,750

    5,700

    5,375

    5,70

    0

    5,600

    5,143

    45.0

    41.0

    38.6

    256,500

    229,600

    198,518

    Oregon

    95

    100

    100

    93

    97

    97

    62.0

    69.0

    69.0

    5,766

    6,693

    6,693

    SouthDakota

    1,080

    1,400

    1,200

    1,02

    0

    1,350

    1,158

    41.0

    41.0

    48.4

    41,820

    5

    5,350

    55,988

    Utah

    15

    18

    18

    13

    16

    16

    40.0

    40.0

    520

    640

    Washington

    510

    450

    450

    50

    5

    445

    445

    55.0

    49.0

    49.0

    27,775

    2

    1,805

    21,805

    UnitedStates

    12,289

    12,295

    11,920

    12,05

    5

    11,958

    11,494

    45.0

    45.0

    42.9

    541,959

    512,921

    486,370

    Table

    5:USother

    springwheatplantedarea,harvested

    area,yield,andproductionestimate

    sbystate,2012/13and2013/14.Unitsarethousand

    acres,bushelsper

    acre,andthousandbushels.

    Signed on 07/18/2013 13:08:27 by ThomsonReuters

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    Pl nted Area Harvested rea Yield Production

    Winter Spring Total Winter Spring Total Winter Spring Total Winter Spring Total

    USDA 2011/12 11,805 13,747 25,552 11,455 13,299 24,754 2.99 1.64 2.26 34,249 21,811 56,060

    USDA 2012/13 11,842 12,843 24,685 11,051 10,245 21,296 2.31 1.19 1.77 25,527 12,192 37,719LW 2013/14 Mean 12,699 12,900 25,599 11,776 12,170 23,946 2.46 1.73 2.09 28,939 21,034 49,973

    Table 6: Comparative 2013/14 Russia wheat planted area, harvested area, yield, and production. Units are thousandhectares, tons per harvested hectare, and thousand tons. USDA data from PSD and GAIN.

    Pl nted Area Harvested rea Yield Production

    Winter Spring Total Winter Spring Total Winter Spring Total Winter Spring Total

    USDA 2011/12 6,657 3.32 22,124

    USDA 2012/13 5,700 2.72 15,500LW 2013/14 Mean 6,836 6,490 2.88 18,661

    Table 8: Comparative 2013/14 Ukraine wheat planted area, harvested area, yield, and production. Units are thousandhectares, tons per harvested hectare, and thousand tons. Approximately 95% of Ukraine wheat is winter wheat.

    Pl nted Area Harvested rea Yield Production

    Winter Spring Total Winter Spring Total Winter Spring Total Winter Spring Total

    USDA 2011/12 13,686 1.66 22,732

    USDA 2012/13 12,400 0.79 9,841

    LW 2013/14 Mean 12,994 12,500 1.36 16,958

    Table 9: Comparative 2013/14 Kazakhstan wheat planted area, harvested area, yield, and production. Units arethousand hectares, tons per harvested hectare, and thousand tons.

    Table 7: Comparative 2013/14 Ukraine corn planted area, harvested area, yield, and production. Units are thousandhectares, tons per harvested hectare, and thousand tons.

    Pl nted Area Harvested rea Yield Production

    Winter Spring Total Winter Spring Total Winter Spring Total Winter Spring Total

    USDA 2011/12 3,544 6.44 22,838

    USDA 2012/13 4,370 4.79 20,922

    LW 2013/14 Mean 4,800 4,661 5.19 24,197

    Signed on 07/18/2013 13:08:27 by ThomsonReuters

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    arvestedAre

    Yield

    Production

    ABARE

    S

    2012/13

    ABARES

    2013/14

    LW

    2013/14

    ABARES

    2012/13

    ABARES

    2013/14

    LW

    2013/14

    ABARES

    2012/13

    ABARES

    2013/14

    LW

    2013/14

    NewSouthWales

    3,750

    3,900

    3,860

    1.89

    1.95

    1.95

    7,105

    7,605

    7,536

    Queensland

    950

    970

    970

    1.84

    1.85

    2.01

    1,748

    1,795

    1,948

    SouthAustralia

    2

    ,160

    2,224

    2,188

    1.70

    1.85

    1.60

    3,672

    4,111

    3,501

    Tasmania

    8

    8

    8

    4.09

    4.00

    4.00

    33

    32

    32

    Victoria

    1,590

    1,630

    1,564

    1.68

    1.87

    1.85

    2,671

    3,050

    2,898

    WesternAustralia

    4,785

    4,945

    5,016

    1.43

    1.78

    1.83

    6,850

    8,807

    9,154

    AustraliaTotal

    13,243

    13,677

    13,605

    1.67

    1.86

    1.84

    22,079

    25,399

    25,069

    Table

    10:Australiawheatharv

    estedarea,yield,andproductionestimatesbyprovince,2012/13and2013

    /14.Unitsarethousandhectares,tonsperhectare,

    andthousandtons.

    Table

    11:Canadawheatharvestedarea,yield,andproductionestim

    atesbyprovince,2012/13and2013/14.Unitsarethousandhectares,tons

    perhectare,and

    thousandtons.Productionbyclassis4milliontons(14%)winterwheat,4.5milliontons(15%)durumwheat,and21.2milliontons(71%)othe

    rspringwheat.

    eededAre

    H

    rvestedAr

    ea

    Yield

    Production

    StatCan

    2012/13

    StatCan

    2013/14

    LW

    2013/14

    StatCan

    2012/13

    StatCan

    2013/14

    LW

    2013/14

    StatCan

    2012/13

    StatCan

    2013/14

    LW

    2013/14

    StatCan

    2012/13

    StatCan

    2013/14

    LW

    2013/14

    Alberta

    2,64

    1

    2,825

    2,715

    2,60

    8

    2,716

    3.20

    3.39

    8,369

    9,196

    Manitoba

    1,21

    0

    1,406

    1,140

    1,19

    4

    1,198

    3.30

    3.47

    3,923

    4,151

    Ontario

    38

    0

    463

    457

    36

    8

    451

    5.10

    5.26

    1,883

    2,369

    Saskatchewan

    5,30

    7

    5,789

    5,566

    5,23

    7

    5,482

    2.40

    2.51

    12,727

    13,738

    OtherProvinces

    9

    2

    110

    108

    91

    105

    3.30

    2.96

    303

    310

    Canada

    9,63

    1

    10,594

    9,986

    9,49

    8

    9,951

    2.90

    2.99

    27,205

    29,765

    Signed on 07/18/2013 13:08:27 by ThomsonReuters

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    arvestedAre

    Yield

    Production

    M

    OA

    20

    11/12

    MOA

    2012/13

    LW

    2013/14

    MOA

    2011/12

    MOA

    2012/13

    LW

    2013/14

    MOA

    2011/12

    MOA

    2012/13

    LW

    2013/14

    Anhui

    819

    907

    4.43

    4.37

    3,626

    3,963

    Gansu

    839

    875

    5.07

    5.02

    4,256

    4,392

    Guangxi

    566

    551

    4.32

    4.79

    2,447

    2,641

    Guizhou

    788

    802

    3.09

    5.52

    2,437

    4,425

    Hebei

    3,036

    3,234

    5.40

    5.64

    16,396

    18,233

    Heilongjiang

    4,587

    5,181

    5.83

    5.89

    26,758

    30,530

    Henan

    3,025

    3,242

    5.61

    5.90

    16,965

    19,138

    Hubei

    550

    632

    5.02

    5.27

    2,762

    3,331

    InnerMongolia

    2,670

    3,125

    6.11

    6.26

    16,321

    19,573

    Jilin

    3,134

    3,327

    7.46

    7.07

    23,390

    23,538

    Liaoning

    2,135

    2,205

    6.37

    6.55

    13,603

    14,453

    Shaanxi

    1,178

    1,213

    4.67

    5.44

    5,507

    6,602

    Shandong

    2,996

    3,115

    6.60

    6.99

    19,787

    21,758

    Shanxi

    1,647

    1,851

    5.19

    5.39

    8,546

    9,985

    Sichuan

    1,363

    1,409

    5.15

    5.35

    7,016

    7,533

    Yunnan

    1,409

    1,537

    4.25

    4.16

    5,982

    6,390

    Xinjiang

    728

    903

    7.11

    7.22

    5,177

    6,513

    Otherprovinces

    2,074

    2,221

    5.69

    5.86

    11,805

    13,020

    Chinatotal

    33,542

    34,950

    36,331

    5.75

    5.89

    5.95

    192,781

    205

    ,772

    216,017

    Table

    12:Chinacornharvestedarea,yield,andproductionestim

    atesbyprovince,2011/12,2012/13,a

    nd2013/14.Unitsarethousandhectares,tonsper

    hectare,andthousandtons.

    Signed on 07/18/2013 13:08:27 by ThomsonReuters

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    Suply

    Use

    Balnce

    Region

    Beginning

    stocks

    Produc-

    tion

    Imports

    Total

    Feed

    Other

    Domestic

    Exports

    Total

    End

    ing

    stocks

    Stocks/use

    World-LW

    116.6

    2

    955.6

    9

    99.06

    1,072.8

    1

    557.03

    375.40

    103.85

    932.43

    140.3

    8

    15%

    World-WAOB

    123.57

    959.84

    99.06

    1,083.41

    557.03

    375.40

    103.85

    932.43

    150.97

    16%

    US-LW

    18.53

    347.0

    0

    0.76

    366.2

    9

    130.82

    161.29

    31.75

    323.86

    42.4

    3

    13%

    US-WAOB

    18.53

    354.35

    0.76

    373.64

    130.82

    161.29

    31.75

    323.86

    49.77

    15%

    China-LW

    54.0

    4

    216.0

    0

    7.00

    277.0

    4

    156.00

    68.00

    0.05

    224.05

    52.9

    9

    24%

    China-WAOB

    60.89

    211.00

    7.00

    278.89

    156.00

    68.00

    0.05

    224.05

    54.84

    24%

    Brazil-LW

    13.4

    1

    72.00

    0.80

    86.2

    1

    46.00

    8.00

    18.00

    72.00

    14.2

    1

    20%

    Brazil-WAOB

    12.01

    72.00

    0.80

    84.81

    46.00

    8.00

    18.00

    72.00

    12.81

    18%

    Argentina-LW

    -0.6

    0

    27.00

    0.01

    26.4

    1

    5.30

    3.00

    18.50

    26.80

    -0.3

    9

    -1%

    Argentina-WAOB

    0.90

    27.00

    0.01

    27.91

    5.30

    3.00

    18.50

    26.80

    1.11

    4%

    Ukraine-LW

    0.82

    24.2

    0

    0.05

    25.0

    7

    7.00

    1.60

    16.50

    25.10

    -0.0

    3

    0%

    Ukraine-WAOB

    0.82

    26.00

    0.05

    26.87

    7.00

    1.60

    16.50

    25.10

    1.77

    7%

    Paraguay-LW

    1.10

    2.90

    0.01

    4.0

    1

    0.40

    0.40

    2.40

    3.20

    0.8

    1

    25%

    Paraguay-WAOB

    0.60

    2.90

    0.01

    3.51

    0.40

    0.40

    2.40

    3.20

    0.31

    10%

    Other-WAOB

    29.82

    266.59

    90.43

    386.84

    211.51

    133.1

    1

    16.65

    361.27

    30.36

    8%

    Table

    13:2013/14worldcornsupplyanduse(milliontons).Lanworthestimatesareboldface.WAOB

    estimatesarefromtheJulyWASDEa

    ndPSD.

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    Suply

    Use

    Balnce

    Region

    Beg

    inning

    stocks

    Produc-

    tion

    Imports

    Total

    Crush

    Other

    Domestic

    Exports

    Total

    End

    ing

    stocks

    Stocks/use

    World-LW

    59.7

    1

    283.0

    1

    104.45

    341.87

    239.47

    31.06

    107.21

    273.29

    68.5

    8

    25%

    World-WAOB

    61.52

    285.89

    104.45

    347.41

    239.47

    31.06

    107.21

    273.29

    74.12

    27%

    US-LW

    3.39

    90.2

    0

    0.41

    94.0

    0

    46.13

    3.25

    39.46

    88.84

    5.1

    6

    6%

    US-WAOB

    3.39

    93.08

    0.41

    96.88

    46.13

    3.25

    39.46

    88.84

    8.04

    9%

    Brazil-LW

    18.0

    1

    85.00

    0.05

    103.0

    6

    37.00

    3.30

    41.50

    81.80

    21.26

    26%

    Brazil-WAOB

    18.60

    85.00

    0.05

    103.65

    37.00

    3.30

    41.50

    81.80

    21.85

    27%

    Argentina-LW

    23.2

    5

    53.50

    0.00

    76.7

    5

    38.00

    1.68

    12.00

    51.68

    25.0

    7

    49%

    Argentina-WAOB

    24.45

    53.50

    0.00

    77.95

    38.00

    1.68

    12.00

    51.68

    26.27

    51%

    Paraguay-LW

    0.0

    0

    8.40

    0.02

    8.4

    2

    3.30

    0.13

    5.00

    8.43

    -0.0

    1

    0%

    Paraguay-WAOB

    0.87

    8.40

    0.02

    9.29

    3.30

    0.13

    5.00

    8.43

    0.86

    10%

    Other-WAOB

    14.21

    45.91

    103.97

    164.09

    115.04

    22.70

    9.25

    146.99

    17.10

    12%

    Table

    14:2013/14worldsoybeansupplyanduse(milliontons).Lanworthestimatesareboldface.WA

    OBestimatesarefromtheJulyWASDE.

    Signed on 07/18/2013 13:08:27 by ThomsonReuters

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