Quarterlly S&D

Quarter		75/76	76/77	77/78	78/79	79/80	80/81	81/82	82/83	83/84	84/85	85/86	86/87

	Production	1,548	1,289	1,767	1,869	2,261	1,798	1,989	2,190	1,636	1,861	2,099	1,943
	Stocks	188	245	103	161	176	358	313	254	345	176	316	536
	Imports	0	0	0	0	0	0	0	0	0	0	0	0
	TOTAL SUPPLY	1,736	1,534	1,870	2,030	2,437	2,156	2,302	2,444	1,981	2,037	2,415	2,479

Sep-Nov	Crush	199	215	213	250	273	278	277	284	270	254	267	296
	Residual	4	6	5	-6	-26	5	-12	-36	48	15	21	10
	DOMESTIC USE	203	221	218	244	248	283	265	248	318	269	288	306
	EXPORTS	149	150	180	227	248	177	255	245	191	153	167	216
	TOTAL USAGE	352	370	398	471	496	460	520	493	509	422	455	522

	DEC 1 STOCKS	1,385	1,164	1,472	1,559	1,942	1,696	1,782	1,951	1,472	1,615	1,960	1,957
	Free Stocks#	1,685	1,155	1,424	1,526	1,896	1,660	1,674	1,681	1,385	1,507	1,543	1,388

	Price ($/Bu.)@	$4.90	$6.22	$5.35	$6.29	$6.49	$7.82	$6.10	$5.21	$8.01	$6.06	$4.92	$4.67

Dec-Feb	Crush	222	216	247	268	311	266	284	315	262	276	283	320
	Residual	7	20	38	25	25	10	41	24	18	50	35	63
	DOMESTIC USE	229	236	285	293	336	276	325	339	280	326	318	383
	EXPORTS	154	168	164	201	237	202	247	266	236	228	271	235
	TOTAL USAGE	383	404	449	494	573	478	572	605	516	554	589	618

	MAR 1 STOCKS	1,002	760	1,023	1,065	1,369	1,218	1,211	1,346	956	1,061	1,371	1,339
	Free Stocks#	1,002	750	941	1,015	1,268	1,109	1,004	952	844	817	765	622

	Price ($/Bu.)@	$4.41	$6.81	$5.65	$6.69	$6.29	$7.70	$6.06	$5.56	$7.63	$5.82	$5.11	$4.68

Mar-May	Crush	235	203	250	260	288	256	254	260	240	258	262	297
	Seed	30	35	39	43	50	35	39	26	28	41	39	45
	Residual	30	16	9	38	32	15	16	54	11	1	-4	1
	DOMESTIC USE	294	254	298	341	369	305	308	340	279	300	296	343
	EXPORTS	152	171	219	198	225	232	256	215	205	153	226	159
	TOTAL USAGE	447	424	517	539	594	537	564	555	484	453	522	502

	JUN 1 STOCKS	555	336	506	526	774	681	646	791	472	608	849	837
	Free Stocks#	555	326	464	494	689	586	495	503	418	399	321	243

	Price ($/Bu.)@	$4.62	$8.71	$6.49	$7.09	$5.77	$7.53	$6.14	$5.99	$7.91	$5.82	$5.23	$4.94

Jun-Aug	Crush	209	156	217	240	251	220	215	249	211	242	241	266
	Seed	23	28	30	33	18	31	32	35	37	20	21	11
	Residual	-23	-27	-39	-36	-18	4	-25	-17	-63	-34	-25	-24
	DOMESTIC USE	209	157	208	238	251	255	221	267	185	228	237	253
	EXPORTS	101	76	137	113	165	113	171	179	111	64	76	147
	TOTAL USAGE	310	233	345	351	416	368	392	446	296	292	313	400

	SEP 1 STOCKS	245	103	161	176	358	313	254	345	176	316	536	436
	Free Stocks#	245	99	144	163	317	257	170	204	148	155	82	39

	Price ($/Bu.)@	$6.32	$6.71	$6.43	$7.26	$6.56	$6.96	$5.90	$6.58	$7.15	$5.38	$5.09	$5.21

# Free Stocks=Total Stocks-CCC-Loan
@ Price=National Average Price Received by Farmers

Part 2 (87/88-98/99)

Quarter		87/88	88/89	89/90	90/91	91/92	92/93	93/94	94/95	95/96	96/97	97/98	98/99

	Production	1,938	1,549	1,924	1,926	1,987	2,190	1,871	2,517	2,177	2,382	2,703	2,763
	Stocks	436	302	182	239	329	278	292	209	335	183	132	200
	Imports	1	4	3	3	3	3	6	5	4	9	5	6
	TOTAL SUPPLY	2,375	1,855	2,109	2,168	2,319	2,471	2,170	2,731	2,516	2,575	2,839	2,968

Sep-Nov	Crush	293	275	273	304	321	328	327	348	351	361	396	420
	Residual	63	75	56	60	52	75	94	58	98	102	78	96
	DOMESTIC USE	356	350	329	364	373	403	420	405	449	462	474	515
	EXPORTS	261	138	169	120	167	232	176	221	234	290	365	268
	TOTAL USAGE	617	488	498	484	540	635	596	626	683	752	839	783

	DEC 1 STOCKS	1,758	1,367	1,611	1,684	1,779	1,836	1,574	2,105	1,833	1,823	1,999	2,185
	Free Stocks#	1,482	1,315	1,490	1,558	1,653	1,714	1,472	1,982	1,781	1,716	1,854	2,005

	Price ($/Bu.)@	$5.14	$7.63	$5.64	$5.88	$5.54	$5.32	$6.18	$5.32	$6.18	$7.21	$6.69	$5.31

Dec-Feb	Crush	318	287	304	299	324	335	328	372	359	401	443	448
	Residual	34	-2	35	15	18	18	11	78	6	33	47	39
	DOMESTIC USE	352	285	339	314	342	353	339	450	365	434	490	487
	EXPORTS	259	192	216	180	260	267	213	285	279	333	306	295
	TOTAL USAGE	611	477	555	494	602	620	552	735	644	767	796	782

	MAR 1 STOCKS	1,148	890	1,056	1,190	1,177	1,216	1,022	1,370	1,190	1,056	1,203	1,402
	Free Stocks#	878	793	883	982	1,035	1,051	935	1,096	1,060	915	990	1,077

	Price ($/Bu.)@	$5.77	$7.54	$5.62	$5.69	$5.53	$5.53	$6.69	$5.43	$6.85	$7.14	$6.66	$5.51

Mar-May	Crush	308	270	291	292	304	325	322	362	334	356	405	419
	Seed	48	36	21	28	39	22	46	22	32	41	39	41
	Residual	-49	-12	-6	0	-10	21	-17	-15	13	-7	-1	-6
	DOMESTIC USE	306	295	306	320	334	369	350	369	379	391	443	453
	EXPORTS	185	131	154	147	148	163	116	209	188	166	120	167
	TOTAL USAGE	491	426	460	467	482	532	466	578	567	556	563	620

	JUN 1 STOCKS	656	465	596	724	696	683	555	792	623	499	594	782
	Free Stocks#	493	395	495	571	588	558	508	581	538	404	437	552

	Price ($/Bu.)@	$6.47	$7.33	$5.81	$5.73	$5.73	$5.73	$6.69	$5.54	$7.40	$8.20	$6.31	$5.74

Jun-Aug	Crush	255	226	278	292	305	290	299	323	325	319	354	329
	Seed	12	23	35	29	16	42	21	50	41	42	47	45
	Residual	-10	-32	-40	-37	-12	-47	-59	-40	-77	-85	-39	-67
	DOMESTIC USE	257	217	273	285	309	285	262	334	289	275	362	307
	EXPORTS	97	66	84	110	109	107	84	123	150	93	79	110
	TOTAL USAGE	354	283	357	395	418	391	346	457	439	368	440	417

	SEP 1 STOCKS	302	182	239	329	278	292	209	335	183	132	200	365
	Free Stocks#	253	165	212	276	239	236	199	262	165	110	153	280

	Price ($/Bu.)@	$8.34	$6.65	$5.95	$5.53	$5.64	$6.25	$6.07	$5.60	$7.62	$7.65	$5.90	$5.03

# Free Stocks=Total Stocks-CCC-Loan
@ Price=National Average Price Received by Farmers

Last Updated on 2/12/99
By Agricultural Economics


RISK MANAGEMENT
CORN *marketing resources* SOYBEAN marketing resources	DISCLAIMER *please read* HOME risk management
Dr. William I. Tierney, Jr. E-mail: wtierney@agecon.ksu.edu Copyright 1998. All rights reserved by author.
Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial and no warranty is given or implied by the author or any other party. Each farmer must consider whether such marketing strategies are appropriate for his or her situation. This web page does not represent the views of Kansas State University.