USDA's projections for 2006-07. From: Pro Farmer | Date: February 18, 2006 | COPYRIGHT 2006 Farm Journal Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

USDA's outlook for grains and livestock delivered via the Outlook Forum Feb. 17 are based on normal weather and trendline yields:

CORN: Planted acres of 80.5 million (off 1.3 mil.) with an average yield of 147.7 bu. per acre. Production would hit 10.81 billion bushels. With a 550 million bu. jump in corn for ethanol and higher exports, carry would slip to 1.726 billion bushels. Price: $2.15/bu.

Biggest issues we see: Yields declining from last year and the huge jump in ethanol. A small uptick in yields could change the picture dramatically.

BEANS: At 74.1 million, ...

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