Estimates for Monday’s USDA supply and demand and crop production report

Estimates for ‘13/14 US grain ending stocks

  • Wheat (21 analysts surveyed) – average estimate .603 BB , range of estimates are .574 – .653 BB. January USDA estimate was .608 MB
  • Corn (23 analysts surveyed) – average estimate 1.619 BB, range of estimates are 1.574-1.748 BB. January USDA estimate was 1.631 BB
  • Beans (23 analysts surveyed) – average estimate .143 BB, range of estimates are .125 – .164 BB. January USDA estimate was .150 BB

 

Estimates for ‘13/14 global ending stocks

  • Wheat (15 analysts surveyed) – average estimate 184.97 MMT , range of estimates are 182.80-187.00 MMT. January USDA estimate was 185.40 MMT
  • Corn (15 analysts surveyed) – average estimate 159.60 MMT, range of estimates are 156.27-163.20 MMT. January USDA estimate was 160.23 MMT
  • Beans (16 analysts surveyed) – average estimate 72.67 MMT, range of estimates are 71.00-75.35 MMT. January USDA estimate was 72.33 MMT

 

Estimates for ‘13/14 Brazilian and Argentine crops

  • Argentina corn crop (22 analysts surveyed) – average estimate 23.82 MMT, range of estimates are 19.8 – 25.0 MMT. January USDA estimate was 25.0 MMT
  • Argentina bean crop (22 analysts surveyed) – average estimate 54.13 MMT, range of estimates are 52.7-57.0 MMT. January USDA estimate was 54.5 MMT
  • Brazilian corn crop (22 analysts surveyed) – average estimate 69.99 MMT, range of estimates are 66.1-74.0 MMT. January USDA estimate was 70.0 MMT
  • Brazilian bean crop (22 analysts surveyed) – average estimate 89.76 MMT , range of estimates are 88.3-91.0 MMT. January UDSA estimate was 89.0 MMT