TABLE 1.   USDA SUPPLY/DEMAND BALANCE SHEET FOR CORN

 

May 10,  2013





1998-99

1999-00

2000-01

2001-02

2002-03

2003-04


2004-05


2005-06

2006-07

2007-08

2008-09


2009-10


2010-11

2011-12
Estimated
2012-13

Projected
2013-14


(million acres)




Acres Set-Aside and
   Diverted

0.0

0.0

0.0

0.0

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Acres Planted 80.2 77.4 79.6 75.7 78.9
78.6
80.9
81.8
78.3
93.5
86.0
86.4
88.2
91.9
97.2
97.3
Acres Harvested 72.6 70.5 72.4 68.8 69.3
70.9
73.6
75.1
70.6
86.5
78.6
79.5
81.4
84.0
87.4
89.5
   Bu./Harvested Acre 134.4 133.8 136.9 138.2

129.3

142.2
160.4
148
149.1
150.7
153.9
164.7
152.8
147.2
123.4
158.0

(million bushels)




Beginning Stocks 1308 1787 1718 1899 1596
1087
958
2114
1967
1304
1624
1673
1708
1128
989
759
Production 9759 9431 9914 9503 8967
10089
11807
11114
10531
13038
12092
13092
12447
12360
10780
14140
Imports        19        15         7         10         14
        14
        11
        9
        12
        20
        14
        8
        28
        29
        125
        25
      Total Supply 11086 11233 11639 11412 10578
11190
12776
13237
12510
14362
13729
14774
14182
13516
11894
14924
Use:





 
   Feed and Residual 5472 5665 5842 5864 5563
5798
6158
6155
5591
5913
5182
5125
4795
4545
4400
5325
   Food, Seed & Ind
   Ethanol for Fuel
1846
????
1913
????
1957
????
2046
????
2340
996
2537
1168
2686
1323
2981
1603
3490
2119
4387
3049
5025
3709
5961
4591
6426
5019
6439
5011
5985
4600
6295
4850
         Total Domestic 7318 7578 7799 7911 7903
8335
8844
9136
9081
10300
10207
11086
11221
10984
10385
11620
      Exports 1981 1937 1941 1905 1588
1897
1818
2134
2125
2437
1849
1980
1834
1543
750
1300
         Total Use 9299 9515 9740 9815 9491
10232
10662
11270
11206
12737
12056
13066
13055
12527
11135
12920
Ending Stocks 1787 1718 1899 1596 1087
958
2114
1967
1304
1624
1673
1708
1128
989
759
2004
Ending Stocks,  % of Use 19.2 18.1 19.5 16.3 11.4
9.4
19.8
17.5
11.6
12.8
13.9
13.1
8.6
7.9
6.8
15.5
Regular Loan Rate $1.89 $1.89 $1.89 $1.89 $1.98
$1.98
$1.95
$1.95
$1.95
$1.95
$1.95
$1.95
$1.95
$1.95
$1.95
$1.95

U.S. Season Average
   Farm Price, $/Bu.

$1.94

$1.82

$1.85

$1.97

$2.32
 
$2.42
 
$2.06
$2.00
 
$3.04
 
$4.20
 
$4.06
 
$3.55
 
$5.18
 
$6.22
 
$6.70-7.10
 
$4.30-5.10

Source:  USDA.

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