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Key data in USDA's September Wasde, and comparison with market forecasts

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

 

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

 

 

 

Wasde data on US 2020 corn and soybean harvests, and how differed from market forecasts
USDA estimate
Change from previous estimate
Difference from market forecast
US corn area harvested (m acres)
83.5 -0.5 in line
US corn yield (bushels per acres) 178.5 -3.3 +0.2
US corn production (bn bushels) 14.900 -0.378 +0.002
US soy area harvested (m acres)
83.0 unchanged +0.1
US soy yield (bushels per acres) 51.9 -1.4 +0.1
US soy production (bn bushels) 4.313 -0.112 +0.018

 

Wasde data on 2020-21 world and US corn, soybean and wheat closing stocks

 

USDA estimate
Change from previous estimate
Difference from market forecast
US corn (m bushels) 2,503 -253 +52
US soybeans (m bushels) 460 -150 -5
US wheat (m bushels) 925 925 +1
World corn (m tonnes 306.79 -10.67 -4.32
World soybeans (m tonnes) 93.59 -1.77 +0.29
World wheat (m tonnes) 319.37 +2.58 +3.42
Sources: Reuters, USDA

 

 

Wasde data on 2019-20 world and US corn, soybean and wheat closing stocks

 

USDA estimate
Change from previous estimate
Difference from market forecast
US corn (m bushels) 2,253 +25 +19
US soybeans (m bushels) 575 -40 -25
World corn (m tonnes 309.15 -2.15 -1.75
World soybeans (m tonnes) 96.01 +0.16 +0.31
World wheat (m tonnes) 299.78 -1.13 +0.68
Sources: Reuters, USDA. **= taken from USDA Outlook Forum

 

 

 

Wasde data on US and world 2020-21 cotton, and comparison with market expectation
USDA estimate
Change from previous estimate
Difference from market expectation
US production
17.06 -1.02 -0.51
US exports
14.60 -0.40 -0.59
US end stocks
7.20 -0.40 +0.19
World production
117.20 -0.33 +0.13
World consumption
112.69 -0.36 -0.53
World end stocks
103.84 -1.07 -0.60
All figures in million bales. Sources: Bloomberg, USDA

 

 

 

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