USDA January crop supply/demand, stocks report estimates

The following tables summarize trade expectations for the U.S. Department of Agriculture’s quarterly grain stocks, annual crop production, U.S. winter wheat seeding and monthly World Agricultural Supply and Demand Estimates (WASDE) reports.

U.S. quarterly stocks as of Dec. 1, in billions of bushels:

USDA Dec. 1 Average of Range of

USDA

USDA

estimate analysts’ analysts’

Sept. 1,

Dec. 1,

estimates estimates

2017

2016

Wheat 1.874____ 1.849 1.795-1.906

2.253

2.079

Corn 12.516___ 12.431 12.230-12.675

2.295

12.383

Soybeans 3.157____ 3.181 2.963-3.305

0.301

2.899

 

 

USDA 2017-18 U.S. corn and soybean crops (production in billions of bushels, yield in bushels per acre, harvested area in millions of acres):

USDA Jan.

Average of

Range of

USDA Nov.

2017-18

analysts’

analysts’

2017-18

estimate

estimates

estimates

estimate

Corn
production

14.604

14.579

14.400-14.750

14.578

Corn yield

_176.6

175.4

173.7-177.0

175.4

Harvested area

82.703

83.103

83.000-83.222

83.119

Soy production

4.392_

4.427

4.385-4.472

4.425

Soy yield

_49.1_

49.5

49.0-50.0

49.5

Harvested area

89.522

89.501

89.250-89.899

89.471

U.S. winter wheat seedings for 2018 harvest, in millions of acres:

USDA Jan.

Average

Range of

USDA 2017

estimate

of analyst

analyst

wheat

estimates

estimates

plantings

All winter 32.608

31.107

30.100-32.000

32.696

Hard red winter 23.1

22.327

21.100-23.100

23.426

Soft red winter 5.98

5.555

5.180-5.900

5.733

White winter 3.56

3.435

3.120-3.600

3.537

 

 

USDA 2017-18 U.S. grain and soybean ending stocks, in billions of bushels:

USDA Jan.

Average of

Range of

USDA Dec.

2017-18

analysts’

analysts’

2017-18

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Wheat

0.989

0.959

0.855-0.986

0.960

Corn

2.477

2.431

2.263-2.550

2.437

Soybeans

0.470

0.472

0.425-0.543

0.445

 

 

USDA 2017-18 world grain and soybean ending stocks, in millions of tonnes:

USDA Jan.

Average of

Range of

USDA Dec.

2017-18

analysts’

analysts’

2017-18

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Wheat

268.02

268.26

265.00-271.00

268.42

Corn

206.57

203.09

198.50-207.00

204.08

Soybeans

98.57

99.06

97.00-100.50

98.32

 

USDA 2017-18 South American corn and soy production, in millions of tonnes:

Jan. USDA

Average of

Range of

Dec. USDA

2017-18

analysts’

analysts’

2017-18

estimate

estimates

estimates

estimate

ARGENTINA
Corn

42.00

41.50

41.00-42.50

42.00

Soybeans

56.00

56.33

55.00-58.00

57.00

BRAZIL
Corn

95.00

94.13

86.70-98.50

95.00

Soybeans

110.00

110.27

108.50-115.00

108.00

 

 

USDA world production, in millions of tonnes:

Jan. USDA

Dec. USDA

Jan. USDA

Dec. USDA

2016-17

2016-17

2017-18

2017-18

estimate

estimate

estimate

estimate

Argentina wheat

18.40

18.40

17.50

17.50

Australia wheat

30.36

33.50

21.50

21.50

Canada wheat

31.73

31.73

30.00

30.00

Russia wheat

72.53

72.53

85.00

83.00

Argentina corn

41.00

41.00

42.00

42.00

Brazil corn

98.50

98.50

95.00

95.00

South Africa corn

17.48

17.48

12.50

12.50

China corn

219.55

219.55

215.89

215.89

Ukraine corn

28.00

28.00

25.00

25.00

Argentina soy

57.80

57.80

56.00

57.00

Brazil soy

114.10

114.10

110.00

108.00

 

(Reporting by Julie Ingwersen in Chicago and Mark Weinraub in Washington)