Current Futures Positions

SOYBEANS
	PREVIOUS	12-Jan	PREVIOUS	12-Jan
		Million	Acres
Area Planted	75.2	75.2	72.1	72.1
Area Harvested	74	74	71.4	71.4

		Bushels
Yield Harvested Acre	42.2	42.2	43.3	43.3

SOYBEANS		Million	Bushels
Beginning Stocks	112	112	256	256
Production	3,124	3,124	3,086	3,086
Imports	6	6	4	4
Supply, Total	3,242	3,242	3,346	3,346
Crushings	1,696	1,696	1,720	1,720
Exports	1,103	1,103	910	900
Seed	88	88	90	91
Residual	99	99	71	71
Use Total	2,986	2,986	2,792	2,782
Ending Stocks	256	256	555	565
Avg Farm Prc ($/bu) 2/	5.74	5.74	5.20-5.80	5.40-5.80

SOYBEAN OIL
		Million	Pounds
Beginning Stocks	1,076	1,076	1,699	1,699
Production	19,360	19,360	20,040	20,040
Imports	26	26	65	65
Supply, Total	20,462	20,462	21,804	21,804
Domestic	17,439	17,439	18,000	18,000
Exports	1,324	1,324	1,350	1,125
Use Total	18,762	18,762	19,350	19,125
Ending Stocks	1,699	1,699	2,454	2,679
Avg Farm Prc ($/bu) 2/	0	0	20.5-22.5	20.5-23.0

SOYBEAN MEAL
		Thousand	Short	Tons
Beginning Stocks	211	211	172	172
Production	40,717	40,717	40,613	40,613
Imports	147	147	165	165
Supply, Total	41,075	41,075	40,950	40,950
Domestic	33,563	33,563	34,100	33,900
Exports	7,340	7,340	6,600	6,800
Use Total	40,903	40,903	40,700	40,700
Ending Stocks	172	172	250	250
Avg Farm Prc ($/bu) 2/	182.89	182.89	165.00-180	165.00-180