Milling & Baking News - January 13, 2009 - 31

through 2006 were less than a tenth
of a percentage point.
The U.S.D.A.'s final estimate
of 2007 soybean production was
2,677,117,000 bus, up 1,295,000 bus,
or less than a tenth of a percentFinal
production
Soft white spring
2007
23,968
2006
21,915
2005
20,704
Hard white spring
2007
5,585
2006
6,226
2005
5,951
Durum
2007

72,224

Previous
estimate
24,554
21,915
33,339

age point, from the previous estimate of 2,675,822,000 bus. Soybean
production in 2006 was raised to
3,196,726,000 bus, up 0.3% from the
previous estimate of 3,188,247,000
bus, and the 2005 outturn was raised

Production
% change
-2.4%
0%
-37.9%

5,589
6,226
4,530

0%
0%
31.4%

71,686

0.8%

Final
production

Previous
estimate

to 3,068,342,000 bus, up 0.2% from
3,063,237,000 bus as the previous estimate. Adjustments to soybean production estimates for 2002, 2003 and
2004 amounted to less than a tenth of
a percentage point for each year. MBN

Production
% change

2006
2005
2004
2003
2002

53,475
101,105
89,893
96,637
79,960

53,475
101,105
89,893
96,637
79,960

0%
0%
0%
0%
0%

Corn
2007
2006
2005
2004

13,037,875
10,531,123
11,112,187
11,805,581

13,073,893
10,534,868
11,114,082
11,807,086

-0.3%
0%
0%
0%

Final
production

Previous
estimate

10,087,292
8,966,787

10,089,222
8,966,787

0%
0%

Soybeans
2007
2,677,117
2006
3,196,726
2005
3,068,342
2004
3,123,790
2003
2,453,845
2002
2,756,147

2,675,822
3,188,247
3,063,237
3,123,686
2,453,665
2,756,147

0%
0.3%
0.2%
0%
0%
0%

2003
2002

Production
% change

Source: U.S.D.A.

Average price of all wheat at $5.91 in December
WASHINGTON - The preliminary national average price
received by farmers for all wheat in December was $5.91
per bu, down 37c from $6.28 in November and down $1.80
from the December 2007 average of $7.71, the U.S. Department of Agriculture said in its latest Agricultural Prices report.
The national average price received for winter wheat in
December was $5.06 a bu, down 58c from $5.64 in November and down $2.64 from $7.70 in December 2007.
The average price for durum was $8.52 a bu, down 16c
from $8.68 in November and down $2.98 from $11.50 in December 2007.
The average price for spring wheat other than durum
was $6.65, down
47c from $7.12 in
Average price received
November and
by farmers for wheat
down 74c from
- Crop year (per bu) -
$7.39 in Decem2008-09
2007-08 2006-07
ber 2007.
June
$7.62
$5.03
$3.98
The average
July
7.16
5.17
3.88
price
received
August
7.64
5.64
3.91
for rough rice
September
7.43
6.76
4.06
was $18 a cwt,
October
6.67
7.65
4.59
up 30c from NoNovember
6.28
7.39
4.59
vember and up
December
5.91
7.71
4.52
$6.50 from $11.50
January
7.96
4.53
a year ago.
February
10.10
4.71
The prelimiMarch
10.50
4.75
nary
index of
April
10.10
4.89
prices received
May
8.87
4.88
for food grains
Source: U.S. Department of Agriculture
was 209% of the
1990-92 base of 100, down 5.4% from the revised November index of 221 and 14% below the December 2007
index of 244.
The December index for feed grains was 177, down 5.3%
from a revised 187 the previous month but 6.6% above the
December 2007 index of 166. The average price paid to
farmers for corn in December was $4.05 per bu, down 21c
bakingbusiness.com / world-grain.com

from $4.26 in November but up 28c from $3.77 in December
2007. Farmers received an average of $5.26 per cwt for grain

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Milling & Baking News

January 13, 2009 / 31
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Milling & Baking News - January 13, 2009

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