USDA Report Recap

 

  U.S. Winter Wheat Production

 

USDA May            Avg Est          Est Range       U.S. 2013

 

All Winter        __1.403______             1.468        1.312-1.591       1.534

Hard Red Winter   ___.746_____    0.782        0.610-0.870       0.744

Soft Red Winter   __.447______     0.467        0.409-0.569       0.565

White Winter      ___.209_____       0.219        0.188-0.268       0.225

All Wheat         ___1.963_____            2.046        1.891-2.182       2.130

 

  USDA 2013/14 U.S. grain and soybean ending stocks

 

USDA May      Average of    Range of             USDA April

2013/14        analysts’          analysts’                2013/14

end-stocks    estimates     estimates          end-stocks

estimates                                                             estimates

 

Wheat       ___.583______     0.588         0.570-0.633           0.583

Corn        ___1.146______        1.314         1.231-1.435           1.331

Soybeans    ___.130______  0.134         0.125-0.174           0.135

 

 

  USDA 2014/15 U.S. grain and soybean ending stocks

 

USDA May         Average of             Range of

2014/15              analysts’                   analysts’

end-stocks       estimates                estimates

estimates

 

Wheat       ___.540____        0.553                  0.425-0.652

Corn        ___1.726____           1.672                     1.295-2.354

Soybeans    ___.330____     0.307               0.200-0.464

 

   USDA 2013/14 global grain and soybean ending stocks

 

USDA May         Average of         Range of               USDA April

2013/14             analysts’             analysts’                2013/14

end-stocks      estimates           estimates             end-stocks

estimates                                                                            estimates

 

Wheat       ___186.5_____       185.95                  181.91-189.00                    186.68

Corn        __168.4______          157.31                  149.45-161.20                    158.00

Soybeans    ___67.0_____    69.77                    67.30-73.00                         69.42

 

USDA 2014/15 global grain and soybean ending stocks

 

USDA May          Average of       Range of

2014/15           analysts’       analysts’

end-stocks        estimates       estimates

estimates

 

Wheat        __187.4______         184.53          178.00-200.00

Corn         ___181.7_____         159.41          149.90-175.00

Soybeans     __82.2______         80.34           67.00-95.00

 

  USDA world production

 

 

May USDA        April USDA        May USDA

2013/14             2013/14           2014/15

estimate         estimate        estimate

 

Argentina wheat   _10.5____            10.50         _12.5____

Australia wheat   _27.0____            27.00        _25.5____

China corn       ___217.7___           217.73         _220.0_____

Argentina corn    __24.0___            24.00         _26.0____

South Africa corn __14.0___            14.00         _13.5____

Brazil corn       _75.0____            72.00         _74.0____

Argentina soy     __54.0___            54.00         _54.0____

Brazil soy        __87.5___            87.50          _91.0____

 

Data source: Reuters , DowJones, USDA