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Data in the April 9 Wasde, and how they compare with market expectations

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The US Department of Agriculture on Tuesday revealed its April edition of the Wasde report on world crop supply and demand.

 

Below, key data, and how they compared with results of Reuters surveys on what investors expected.

 

 

 

Wasde data on 2018-19 world and US corn, soybean and wheat closing stocks

USDA estimate
Change from previous estimate
Difference from market forecast

US corn (m bushels)

 

2,035 +200 +44

US soybeans (m bushels)

895 -5 -3

US wheat (m bushels)

1,087 +22 +15

World corn

(m tonnes)

314.01 +5.48 +2.81

World soybeans

(m tonnes)

107.36 +0.19 -0.64

World wheat

(m tonnes)

275.61 +5.08 +4.61

 

 

 

 

 

 

Wasde data on 2018-19 Argentine and Brazilian corn and soybean harvests

USDA estimate
Change from previous estimate
Difference from market forecast

Argentine corn

(m tonnes)

47.00 +1.00 +0.6

Argentine soybeans

(m tonnes)

55.00 unchanged -0.4

Brazilian corn

(m tonnes)

96.0 +1.50 +1.2

Brazilian soybeans

(m tonnes)

117.00 +0.50 +0.8

 

 

 

 

 

 

 

 

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