The document provides market data and statistics on commodities such as corn, soybeans, and wheat for the week of February 7, 2011. U.S. and world ending stocks are down from previous years for many commodities. U.S. production numbers and average farm prices are also included for corn, soybeans, and wheat.

1. MARKETING 2011
WEEK OF February 7, 2011

2. CHEESEHEADS RULE!

3. COMMODITIES RULE!!

4. 22.0%
20.0%

5. 16.6%
16.9%

6. U.S. ENDING STOCKS (billion bushels)
Feb. Avg High Low Jan. 2009-10
Corn 0.675 0.736 0.795 0.645 0.745 1.708
Soybeans 0.140 0.135 0.245 0.105 0.140 0.151
Sorghum 0.037 0.036 0.041 0.031 0.037 0.041
Wheat 0.818 0.810 0.889 0.751 0.818 0.976
WORLD ENDING STOCKS (million metric tons)
2010-11 2009-10
Feb. Jan. Feb. Jan.
Wheat 177.77 177.99 197.60 197.43
Corn 122.51 127.00 145.16 147.11
Soybeans 58.21 58.28 60.17 60.23
WORLD PRODUCTION (million metric tons)
2010-11 2009-10
Feb. Jan. Feb. Jan.
Brazil soybeans 68.5 67.5 69.0 69.0
Argentine soybeans 49.5 50.5 54.5 54.5
Brazil corn 51.0 51.0 56.1 56.1
Argentina corn 22.0 23.5 22.8 22.8
Australia wheat 25.0 25.0 21.92 21.9
Argentina wheat 14.0 14.0 11.0 11.0

8. USDA Wheat Balance Sheet
2009-10 Crop 2010-11 Crop
Farm Futures
January 12 February 9 January 12 February 9
Million Acres
Planted Acres 59.2 59.2 53.6 53.6
Harvested Acres 49.9 49.9 47.6 47.6
Yield (Bu. per Acre) 44.5 44.5 46.4 46.4
Million Bushels
Beginning Stocks 657 657 976 976
Production 2,218 2,218 2,208 2,208
Imports 119 119 110 110
Total Supply 2,993 2,993 3,294 3,294
Feed 150 150 170 170
Other Domestic 986 986 1,006 1,006
Domestic Use 1,137 1,137 1,176 1,176
Exports 881 881 1,300 1,300
Total Use 2,018 2,018 2,476 2,476
Ending Stocks 976 976 818 818
Avg. Farm Price $4.87 $4.87 $5.50 - $5.80 $5.60 - $5.80

13. Source:
Farm Futures

14. Source:
Farm Futures

15. Source:
Farm Futures

16. Source:
Farm Futures

17. Source:
Farm Futures

18. Source:
Farm Futures

20. Source:
Farm Futures

24. USDA Corn Balance Sheet
Source: 2009-10 Crop 2010-11 Crop
Farm Futures January 12 February 9 January 12 February 9
Million Acres
Planted Acres 86.4 86.4 88.2 88.2
Harvested Acres 79.5 79.5 81.4 81.4
Yield (Bu. per Acre) 164.7 164.7 152.8 152.8
Million Bushels
Beginning Stocks 1,673 1,673 1,708 1,708
Production 13,092 13,092 12,447 12,447
Imports 8 8 20 20
Total Supply 14,774 14,774 14,175 14,175
Feed 5,140 5,140 5,200 5,200
Other Domestic 5,939 5,939 6,280 6,350
Ethanol for Fuel 4,568 4,568 4,900 4,950
Total Domestic Use 11,079 11,079 11,480 11,550
Exports 1,987 1,987 1,950 1,950
Total Use 13,066 13,066 13,430 13,500
Ending Stocks 1,708 1,708 745 675
Avg. Farm Price $3.55 $3.55 $4.90 - $5.70 $5.05 - $5.75

28. Source:
Farm Futures

29. Source:
Farm Futures

30. Source:
Farm Futures

34. Source:
Farm Futures

36. USDA Soybean Balance Sheet
Source: 2009-10 Crop 2010-11 Crop
Farm Futures January 12 February 9 January 12 February 9
Million Acres
Planted Acres 77.5 77.5 77.4 77.4
Harvested Acres 76.4 76.4 76.6 76.6
Yield (Bu. per Acre 44.0 44.0 43.5 43.5
Million Bushels
Beginning Stocks 138 138 151 151
Production 3,359 3,359 3,329 3,329
Imports 15 15 15 15
Total Supply 3,512 3,512 3,495 3,495
Crush 1,752 1,752 1,655 1,655
Other Domestic 108 108 110 110
Domestic Use 1,860 1,860 1,765 1,765
Exports 1,501 1,501 1,590 1,590
Total Use 3,361 3,361 3,355 3,355
Ending Stocks 151 151 140 140
Avg. Farm Price $9.59 $9.59 $11.20 - $12.20 $11.20 - $12.20

38. 14.8%
18.2%

39. 16.4%

40. Source:
Farm Futures

41. Source:
Farm Futures

42. Source:
Farm Futures

45. Source:
Farm Futures

50. http://www.cpc.ncep.noaa.gov/products/fews/global/LOOPS/gfs37.5asiaprecip.html

51. 2006
78,327
75,520
6,522
3.452
4,168
31,117
13,878
1,815
12,731
2,838
1,950
60,807
2,007
6,952
37,100
?2,000
341,184