Estimates For Tuesday’s USDA Report

USDA August crop production and supply and demand report comes out on Tuesday at 11 am CST.

 

Estimates for USDA report.

 

Estimates for US 2014 corn and bean production

  • Corn production (26 analysts surveyed) average estimate 14.253 BB range of estimates are 13.988 – 14.778 BB. July WASDE estimate was 13.86 BB and 2013 final corn production was 13.925 BB
  • Corn yield (26 analysts surveyed) average estimate 170.098 BPA, range of estimates are 168-174.8 BPA. July WASDE estimate was 165.3 BPA and 2013 final corn yield was 158.8 BPA
  • Bean production (26 analysts surveyed) average estimate 3.823 BB, range of estimates are 3.70-3.951 BB. July WASDE estimate was 3.8 BB and 2013 final bean production was 3.289 BB
  • Bean yield (26 analysts surveyed) average estimate 45.583 BPA, range of estimates are 44.5-47.0 BPA. July WASDE estimate was 45.2 BPA and 2013 final bean yield was 43.3 BPA

 

Estimates for US 2014 wheat production

  • All wheat production (21 analysts surveyed) average estimate 2.010 BB, range of estimates are 1.986 -2.068 BB. USDA July estimate was 1.992 BB and 2013 all wheat production was 2.130 BB
  • All winter wheat production (20 analysts surveyed) average estimate 1.372 BB, range of estimates are 1.358-1.413 BB. USDA July estimate was 1.367 BB and 2013 all winter wheat production was 1.534 BB.
  • Hard red winter wheat production (20 analysts surveyed) average estimate .707 BB, range of estimates are .694-.752 BB. USDA July estimate was .703 BB and 2013 hard red winter wheat production was .744 BB
  • Soft red winter wheat production (20 analysts surveyed) average estimate .461 BB, range of estimates are .452-.474 BB. USDA July estimate was .458 BB and 2013 soft red winter wheat production was .565 BB.
  • White winter wheat production (20 analysts surveyed) average estimate .204 BB, range of estimates are .197-.209 BB. USDA July estimate was .206 BB and 2013 white winter wheat production was .225 BB
  • Other spring wheat production (20 analysts surveyed) average estimate .579 BB, range of estimates are .562-.634 BB. July USDA estimate was .565 BB and 2013 other spring wheat production was .534 BB
  • Durum wheat production (20 analysts surveyed) average estimate .060 BB, range of estimates are .053-.065 BB. July USDA estimate was .060 BB and 2013 durum wheat production was .062 BB

 

Estimates for ‘13/14 US ending stocks

  • Corn (21 analysts surveyed) average estimate 1.240 BB , range of estimates are 1.196 – 1.356 BB. USDA July estimate was 1.246 BB
  • Beans (21 analysts surveyed) average estimate .136 BB, range of estimates are .125-.142 BB. USDA July estimate was .140 BB

 

Estimates for ‘14/15 US ending stocks

  • Wheat (20 analysts surveyed) average estimate .663 BB, range of estimates are .557-.744 BB. USDA July estimate was .660 BB.
  • Corn (21 analysts surveyed) average estimate 2.005 BB, range of estimates are 1.777-2.203 BB. USDA July estimate was 1.801 BB
  • Beans (21 analysts surveyed) average estimate .414 BB, range of estimates are .309-.492 BB. USDA July estimate was .415 BB

 

Estimates for ‘13/14 world ending stocks

  • Wheat (9 analysts surveyed) average estimate 184.25 MMT , range of estimates are 181.55 – 187.09 MMT. USDA July estimate was 184.29 MMT
  • Corn (12 analysts surveyed) average estimate 172.85 MMT, range of estimates are 166.07-175.00 MMT . USDA July estimate was 173.42 MMT
  • Beans (13 analysts surveyed) average estimate 67.32 MMT, range of estimates are 67.0-68.53 MMT. USDA July estimate was 67.24 MMT

 

Estimates for ‘14/15 world ending stocks

  • Wheat (13 analysts surveyed) average estimate 190.41 MMT, range of estimates are 186.21-195.40 MMT. USDA July estimate was 189.54 MMT
  • Corn (12 analysts surveyed) average estimate 192.53 MMT, range of estimates are 185.40-208.34 MMT. USDA July estimate was 188.05 MMT
  • Beans (13 analysts surveyed) average estimate 85.90 MMT, range of estimates are 84.02-88.75 MMT. USDA July estimate was 85.31 MMT

 

Data sources: Reuters