Show t 1 I ich I 1 1 11 I 1 1 1 I r I 1 6 STATEMENT specht to 4 tola MUM w lk a 1 TIM THE 1037 VS us CROP OUTLOOK BABSON MASS except in a few more or less restricted strict ed areas borei ve her and crop conditions have improved materiale mater ialy in repent recent weeks the outlook auw is for or a total US 15 cro crop production close to the relatively latip lat ively v jy high average rt of the lost last five years here ore ate p tow few bagh lights in tho the ovell over nil picture as aa I 1 see them I 1 wheat what and some som other grains grain I 1 look lou tor for a 1057 1037 VS bs total wheat crop of 0 wound bushels down a 8 from the 1957 outturn and nearly 20 percent under the 1040 1946 1055 average this Is still a relatively large crop once nance in seven of 0 those years Oro production topped one billion bushela by sizable margins the current crop comes on the heels of a total V up carryover on july I 1 of bushels practically enough for a whole seasons normal requirements quire ments most ot if this wheat however ii id in government handstand hand sand will not glut commercial channel i I 1 do not believe the current crop crop will prove burdensome Iden some mother nature has been kind hind to several of the other grains outturns Out turns of barley flaxseed oats end and rye may exceed the 1045 overage average barely by 48 percent flaxseed by 7 pt per cent oats by 3 per cent end and rye by 20 per cent total supplies of these grains for 1037 1957 1058 1958 will lean toward the easy side american housewives should havo have plenty of new clean sweeping brooms this year because the in dilated cro crop p of bro broomcorn is 13 well above average however popcorn devotees ma may have to curb their appetites tot this oils item planted acreage Is 14 per cent below average corn dry deans and nice the outlook for the nat nations luns corn crop Is relatively good but the outturn which Is estimated at around bushels may be about 10 per cent under last year and slightly bolow below a average whether between pow and harvest time of course be reckoned with sup piles will be anally adequate for the 1057 season since total corn stocks recently were nt at sit art ill all time tho the date at att I 1 bushels it if ithe hog corn feed ratio i remains as favorable as it is now ato I 1 a lot of corn will be 44 tills this I 1 fall all and winter old od crop corn prices may aver somewhat but I 1 fore forecast oat some seasonal weakness in new crop corn this fall all the outlook for dry bean production la Is less leas favorable then than A year ago the crop which Is a har vested in the fallo fall may be around only bags baga down p per cent from rom the 1080 1050 outturn and 2 per cent under the ten year average since the carryover will m i bo relatively small total supplies fop should not be excessive excess lie the indicated US rice crop of bags flags pounds each 0 s 18 16 per oer cent under the 1850 1950 outturn and the smallest crop since 1050 1950 this could mean 4 fairly tight statistical position next year cotton and soybeans american cotton farmers in recent years yeara have lea learned arned well the art of intensive cu cultivation Itt even veo on the smallest planted acreage in many years high per acre yields this year may give therl them a 4 crop of about A U ao 10 bales this would be sizeable although considerably less than indicated domestic and exports ld la 1937 1957 58 Ws this points to another substantial cut in the still allu big carryover august 1 prices may weaken moderately during the heavy marketing season in the works weeks ahead but should re cover thereafter despite record high soybean acreage tho the 1957 as crop aur bently estimated at bushels Is 6 percent per cent the 1956 record outturn but 08 58 per cent above the ten year average ave rago since stocks in all positions were recently at a record peak there should be no 00 dearth of soy beans in the he drop crop year beginning etoler october 1 I there is no has bag is for or sustained price strength at resent barring serious crop damage 4 4 farm income 0 outlook farmers realized net in hi the first halt of this year was at an annual tato rate ot of about saut 12 too up 2 per ber cent from the corresponding 1089 1950 figure record a further gain Is doubt n view of 01 tho the rising trend of p production ra d u action costs and the difficulty 0 of f offsetting them tham through the practice of further economies the efficient former farmer with W well e 11 diversified crops should however fare at as well as the average manufacturer or of chev ner chant |