USDA Preview

storck

USDA August Preview

  USDA August Average of Range of USDA July
  2018-19 analysts’ analysts’ 2018-19
  estimate estimates estimates estimate
         
Corn production   14.411 14.150-14.740 14.230
Corn yield (bu/acre)   176.2 171.0-180.2 174.0
         
Soy production   4.407 4.280-4.576 4.310
Soy yield (bu/acre)   49.6 48.0-51.5 48.5

 

USDA 2018-19 U.S. wheat production

 

  USDA August Average of Range of USDA
  2018-19 analysts’ analysts’ July
  estimate estimates estimates estimates
         
All wheat   1.850 1.700-1.885 1.881
All winter   1.180 1.050-1.201 1.193
Hard red winter   0.656 0.635-0.665 0.657
Soft red winter   0.302 0.290-0.313 0.303
White winter   0.230 0.210-0.240 0.232
Other spring   0.601 0.570-0.633 0.614
Durum   0.074 0.069-0.078 0.075

 

USDA 2018-19 Grain & Soybean Ending Stocks  

  USDA August Average of Range of USDA July
  2018-19 analysts’ analysts’ 2018-19
  end-stocks estimates estimates end-stocks
  estimates     estimates
         
Wheat   0.961 0.850-1.018 0.985
Corn   1.636 1.457-1.812 1.552
Soybeans   0.638 0.565-0.726 0.580

 

USDA 2017-18 U.S. grain and soybean ending stocks

 

  USDA August Average of Range of USDA July
  2017-18 analysts’ analysts’ 2017-18
  end-stocks estimates estimates end-stocks
  estimates     estimates
         
Corn   2.021 1.900-2.137 2.027
Soybeans   0.460 0.437-0.480 0.465

 

 USDA 2018-19 World Ending Stocks

  USDA August Average of Range of USDA July
  2018-19 analysts’ analysts’ 2018-19
  end-stocks estimates estimates end-stocks
  estimates     estimates
         
Wheat   256.42 250.0-259.9 260.88
Corn   152.59 148.00-158.23 151.96
Soybeans   99.33 94.0-102.2 98.27

 

USDA 2017-18 world grain and soybean ending stocks

 

  USDA August Average of Range of USDA July
  2017-18 analysts’ analysts’ 2017-18
  end-stocks estimates estimates end-stocks
  estimates     estimates
         
Wheat   273.12 271.0-274.0 273.50
Corn   190.81 189.0-192.62 191.73
Soybeans   95.53 92.0-97.0 96.02

 

USDA 2018-19 World production

 

  August USDA July USDA August USDA July USDA
  2018-19 2018-19 2017-18 2017-18
  estimate estimate estimate estimate
         
Argentina wheat   19.50   18.00
Australia wheat   24.00   21.30
Canada wheat   32.50   30.00
EU wheat   145.00   151.58
Russia wheat   67.00   84.99
Ukraine Wheat   25.50   26.98
Argentina Corn   41.00   33.00
Brazil Corn   96.00   83.50
China corn   225.00   215.89
Ukraine corn   30.00   24.12
Argentina soy   57.00   37.00
Brazil soy   120.50   119.50

The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results.