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Trade expectations for data in June 11 Wasde

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The US Department of Agriculture will on Tuesday at 11am Chicago time (5pm UK time) reveal its June edition of the Wasde report on world crop supply and demand.

 

Below, results of Bloomberg and Reuters surveys on what investors expect.

 

USDA production forecasts for Wasde data on 2019-20 season
Bloomberg Reuters Current USDA figure
Consensus forecast Range of forecasts Consensus forecast Range of forecasts

US corn (bn bushels)

 

14.040 12.988-14.589 14.251 13.480-14.859 15.030

US soybeans (bn bushels)

 

4.118 3.850-4.240 4.123 3.904-4.240 4.150

US wheat (bn bushels)

1.889 1.837-1.952 1.883 1.837-1.920 1.897

 

 

USDA yield forecasts for Wasde data on 2019-20 season
Bloomberg Reuters Current USDA figure
Consensus forecast Range of forecasts Consensus forecast Range of forecasts

US corn (bn bushels)

 

176.0 162.5-176.0 172.4 169.0-176.0 176.0

US soybeans (bn bushels)

 

49.0 3.850-4.240 49.0 48.0-49.6 49.5

US wheat (bn bushels)

1.883 1.837-1.920 1.897

 

 

 

Trade forecasts for Wasde data on 2018-19 closing stocks
Bloomberg Reuters Current USDA figure
Consensus forecast Range of forecasts Consensus forecast Range of forecasts

US corn (bn bushels)

 

2.149 2.035-2.356 2.123 2.035-2.245 2.095

US soybeans (bn bushels)

 

1.012 0.920-1.079 1.004 0.920-1.045 0.995

US wheat (bn bushels)

1.119 1.077-1.152 1.121 1.087-1.152 1.127

World corn (m tonnes)

325.9 314.0-328.4 325.4 314.0-328.4 325.9

US soybeans (m tonnes)

113.6 107.4-115.9 113.3 107.4-115.9 113.2

World wheat (m tonnes)

274.7 272.1-276.0 274.4 272.1-276.0 275.0

 

 

Trade forecasts for Wasde data on 2019-20 closing stocks
Bloomberg Reuters Current USDA figure
Consensus forecast Range of forecasts Consensus forecast Range of forecasts

US corn (bn bushels)

 

1.772 1.133-2.404 1.917 1.633-2.404 2.485

US soybeans (bn bushels)

 

0.990 0.825-1.346 0.983 0.854-1.069 0.970

US wheat (bn bushels)

1.141 0.925-1.180 1.118 1.052-1.180 1.141

World corn (m tonnes)

314.7 285.0-315.0 305.0 295.0-315.0 314.7

US soybeans (m tonnes)

113.1 108.0-136.2 113.0 104.9-118.5 113.1

World wheat (m tonnes)

293.0 276.4-294.0 290.0 277.0-294.0 293.0

 

 

 

Trade forecasts for Wasde estimates for 2018-19 South American corn, soybean production
Bloomberg Reuters Current USDA figure
Consensus forecast Range of forecasts Consensus forecast Range of forecasts
Brazilian corn
100.0 96.0-102.0 99.9 96.0-101.0 100.0

Brazilian soybeans

 

117.0 116.0-118.0 117.2 116.0-118.5 117.0

Argentine corn

 

49.2 48.0-50.0 49.3 48.0-50.0 49.0

Argentine soybeans

56.2 55.5-57.0 56.1 55.5-57.0 56.0
All figures in million tonnes

 

 

 

 

 

 

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