Estimates For Wednesday’s USDA Report

USDA report comes out on Wednesday at 11 am CST.

 

Estimates for Wednesday’s USDA report.

 

US 2014 wheat production estimates

  • All winter wheat (18 analysts surveyed) – average estimate 1.394 BB, range of estimates are 1.330 – 1.445 BB. USDA May estimate was 1.403 BB and 2013 US winter wheat output was 1.534 BB
  • Hard red winter wheat (18 analysts surveyed) – average estimate .733 BB, range of estimates are .661 – .776 BB. USDA May estimate was .746 BB and 2013 US HRW wheat output was .744 BB
  • Soft red winter wheat (18 analysts surveyed) – average estimate .455 BB, range of estimates are .443 -.473 BB. USDA May estimate was .447 BB and 2013 US SRW wheat output was .565 BB
  • White winter wheat (18 analysts surveyed) – average estimate .207 BB, range of estimates are .197-.217 BB. USDA May estimate was .209 BB and 2013 US white winter wheat output was .225 BB
  • All wheat (19 analysts surveyed) – average estimate 1.964 BB, range of estimates are 1.903-2.041 BB. USDA May estimate was 1.963 BB and 2013 US all wheat output was 2.130 BB

 

US ‘13/14 ending stocks estimates

  • Wheat (20 analysts surveyed) – average estimate .590 BB, range of estimates are .565-.625 BB. USDA May estimate was .583 BB
  • Corn (21 analysts surveyed) – average estimate 1.170 BB, range of estimates are 1.121 – 1.279 BB. USDA May estimate was 1.146 BB
  • Beans (21 analysts surveyed) – average estimate .127 BB, range of estimates are .119 – .139 BB. USDA May estimate was .130 BB

 

US ‘14/15 ending stock estimates

  • Wheat (21 analysts surveyed) – average estimate .552 BB, range of estimates are .475-.658 BB. USDA May estimate was .540 BB
  • Corn (22 analysts surveyed) – average estimate 1.716 BB, range of estimates are 1.405 – 2.282 BB. USDA May estimate was 1.726 BB.
  • Beans (22 analysts surveyed) – average estimate .319 BB, range of estimates are .245-.364 BB. USDA May estimate was .330 BB

 

World ‘13/14 ending stocks estimates

  • Wheat (13 analysts surveyed) – average estimate 186.15 MMT, range of estimates are 181.55-188.00 MMT. USDA May estimate was 186.53 MMT
  • Corn (13 analysts surveyed) – average estimate 168.35 MMT, range of estimates are 167.50 – 169.12 MMT. USDA May estimate was 168.42 MMT
  • Beans (13 analysts surveyed) – average estimate 66.43 MMT, range of estimates are 65.0-67.50 MMT. USDA May estimate was 66.98 MMT

 

World ‘14/15 ending stocks estimates

  • Wheat (14 analysts surveyed) – average estimate 187.00 MMT, range of estimates are 180.9 – 190.0 MMT. USDA May estimate was 187.42 MMT
  • Corn (13 analysts surveyed) – average estimate 181.52 MMT, range of estimate are 175.21-184.50 MMT. USDA May estimate was 181.73 MMT
  • Beans (14 analysts surveyed) – average estimate 81.97 MMT, range of estimates are 80.0 – 83.13 MMT. USDA May estimate was 82.23 MMT

 

 

Data source: Reuters