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Key data in USDA's October 9 Wasde report

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The USDA on Friday issued the October edition of its much-watched Wasde crop report.

 

Agrimoney lists major estimates in the benchmark monthly USDA briefing, and how they differed from market expectations.

 

 

Trade forecasts for Wasde estimates for US 2020 corn and soybean production
USDA estimate
Change from last month Difference from market expectation
US corn area harvested (m acres)
82.527 -0.946 -0.794
US corn yield (bushels per acres) 178.4 -0.1 +0.7
US corn production (m bushels) 14,722 -178 -86
US soy area harvested (m acres)
82.289 -0.731 -0.633
US soy yield (bushels per acres) 51.9 unchanged +0.3
US soy production (m bushels) 4,268 -45 -14
Sources: USDA, Reuters

 

 

 

 

Trade forecasts for Wasde data on US and world 2020-21 closing stocks
USDA estimate
Change from last month Difference from market forecast
US corn (m bushels) 2,167 -336 +54
US soybeans (m bushels) 290 -170 -79
US wheat (m bushels) 883 -42 -4
World corn (m tonnes 300.45 -2.34 +0.35
World soybeans (m tonnes) 88.70 -4.89 -2.66
World wheat (m tonnes) 321.45 +2.08 +4.22
Sources: USDA, Reuters

 

 

 

Trade forecasts for Wasde estimates for US and world 2019-20 cotton supply and demand
USDA estimate
Change from last month Difference from market forecast
US production
17.06 -0.01 +0.32
US exports
14.60 unchanged -0.10
US end stocks
7.20 unchanged +0.41
World production
116.27 -0.93 -0.68
World consumption
114.21 +1.52 +1.76
World end stocks
101.13 -2.71 -2.61
All figures in million bales. Sources: Bloomberg, USDA

 

 

 

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