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WASDE: U.S. Oilseed Production For 2012/13 Is Projected At 82 Million Tons

Sep 12, 2012
By WASDE

WASDE Report:

OILSEEDS:  U.S. oilseed production for 2012/13 is projected at 82 million tons, down 1.4 million from last month.  Lower soybeanand cottonseed production is only partly offset by an increase for peanuts. Soybean supplies for 2012/13 are reduced due to lower forecast production and beginning stocks. Soybean production is projected at 2.634 billion bushels, down 58 million due to lower yields in the Midwest. Soybean exports are reduced 55 million bushels to 1.055 billion mainly due to reduced supplies.  Soybean crush is reduced 15 million bushels to 1.5 billion, the lowest since 1996/97.  The reduction reflects lower projected soybean meal exports and domestic soybean meal consumption. Although soybean ending stocks are projected unchanged at 115 million bushels, they would fall to a 9-year low.  Other changes for 2012/13 include reduced soybean oil production and ending stocks.

Soybean crush for 2011/12 is increased 15 million bushels to 1.705 billion reflecting higher-thanexpected crush reported for July.  Soybean exports are increased 10 million to 1.36 billion.  Residual use is lowered 10 million bushels reflecting the impact of early harvest of the 2012/13 crop in the South.  Ending stocks are projected at 130 million bushels, down 15 million from last month. Other changes for 2011/12 include increased soybean oil production, exports, and ending stocks and increased domestic disappearance of soybean meal.

The U.S. season-average soybean price for 2012/13 is projected unchanged at $15.00 to $17.00 per bushel.  Soybean meal prices are projected at $485 to $515 per short ton, up $25.00 on both ends of the range.  Soybean oil prices are projected at 54 to 58 cents per pound, up 1 cent on both ends of the range.

Global oilseed production for 2012/13 is projected at 453.1 million tons, down 4.2 million from last month.  Reductions for soybeans, sunflowerseed, and rapeseed are only partly offset by increased peanut and cottonseed production.  In addition to the United States, projected soybean production is reduced for Ukraine and Canada.  Early harvest results for Ukraine indicate a lower yield in part reflecting unusually hot temperatures during the growing season.  Lower soybean production for Canada is based on the most recent crop survey results reported by Statistics Canada.  Rapeseed production for Canada is reduced 0.9 million tons to 15.4 million based on lower yields and harvested area reported by Statistics Canada.  At this level the crop is record large.  Rapeseed production is also raised for the 2011 crop based on the latest Statistics Canada estimates.   

Other changes include higher rapeseed production for EU-27, lower sunflowerseed production for Russia, Ukraine, and EU-27, and lower cottonseed production for Brazil.

Source: USDA


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Why Your Food Future Could be Trapped in a Seed Morgue

Video: Why Your Food Future Could be Trapped in a Seed Morgue

In a world of PowerPoint overload, Rex Bernardo stands out. No bullet points. No charts. No jargon. Just stories and photographs. At this year’s National Association for Plant Breeding conference on the Big Island of Hawaii, he stood before a room of peers — all experts in the science of seeds — and did something radical: he showed them images. He told them stories. And he asked them to remember not what they saw, but how they felt.

Bernardo, recipient of the 2025 Lifetime Achievement Award, has spent his career searching for the genetic treasures tucked inside what plant breeders call exotic germplasm — ancient, often wild genetic lines that hold secrets to resilience, taste, and traits we've forgotten to value.

But Bernardo didn’t always think this way.

“I worked in private industry for nearly a decade,” he recalls. “I remember one breeder saying, ‘We’re making new hybrids, but they’re basically the same genetics.’ That stuck with me. Where is the new diversity going to come from?”

For Bernardo, part of the answer lies in the world’s gene banks — vast vaults of seed samples collected from every corner of the globe. Yet, he says, many of these vaults have quietly become “seed morgues.” “Something goes in, but it never comes out,” he explains. “We need to start treating these collections like living investments, not museums of dead potential.”

That potential — and the barriers to unlocking it — are deeply personal for Bernardo. He’s wrestled with international policies that prevent access to valuable lines (like North Korean corn) and with the slow, painstaking science of transferring useful traits from wild relatives into elite lines that farmers can actually grow. Sometimes it works. Sometimes it doesn’t. But he’s convinced that success starts not in the lab, but in the way we communicate.

“The fact sheet model isn’t cutting it anymore,” he says. “We hand out a paper about a new variety and think that’s enough. But stories? Plants you can see and touch? That’s what stays with people.”

Bernardo practices what he preaches. At the University of Minnesota, he helped launch a student-led breeding program that’s working to adapt leafy African vegetables for the Twin Cities’ African diaspora. The goal? Culturally relevant crops that mature in Minnesota’s shorter growing season — and can be regrown year after year.

“That’s real impact,” he says. “Helping people grow food that’s meaningful to them, not just what's commercially viable.”

He’s also brewed plant breeding into something more relatable — literally. Coffee and beer have become unexpected tools in his mission to make science accessible. His undergraduate course on coffee, for instance, connects the dots between genetics, geography, and culture. “Everyone drinks coffee,” he says. “It’s a conversation starter. It’s a gateway into plant science.”