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Trade expectations for data in November 8 Wasde

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

 

Below, results of Bloomberg and Reuters surveys on what investors expect for figures including US corn, soybean and wheat production this year, and carryout stocks from 2019-20.

 

 

Trade forecasts for Wasde estimates for US 2019 corn and soybean production
Bloomberg Reuters
Consensus forecast Range of forecasts Consensus forecast Range of forecasts Existing USDA estimate
US corn area harvested (m acres)
81.3 79.2-81.8 81.455 80.10-81.82 81.815
US corn yield (bushels per acres) 167.2 164.5-170.0 167.5 165.5-168.5 168.4
US corn production (bn bushels) 13.604 13.030-13.786 13.643 13.372-13.785 13.779
US soy area harvested (m acres)
75.5 74.5-77.2 75.422 75.10-75.9 75.62
US soy yield (bushels per acres) 46.6 45.5-47.6 46.6 45.5-47.6 46.9
US soy production (bn bushels) 3.513 3.441-3.609 3.510 3.396-3.609 3.550

 

 

 

Trade forecasts for Wasde data on US and world 2019-20 closing stocks
Bloomberg

Reuters

Consensus forecast Range of forecasts Consensus forecast Range of forecasts Existing USDA estimate
US corn (bn bushels) 1.799 1.479-2.065 1.817 1.481-1.959 1.929
US soybeans (bn bushels) 0.432 0.330-0.521 0.428 0.306-0.494 0.460
US wheat (bn bushels) 1.030 0.958-1.078 1.035 1.003-1.073 1.043
World corn (m tonnes 300.3 291.1-304.5 300.31 291.10-304.35 302.55
World soybeans (m tonnes) 95.3 91.8-109.4 93.85 88.00-95.74 95.21
World wheat (m tonnes) 286.8 285.1-288.5 287.03 285.07-288.00 287.80

 

 

 

 

Trade forecasts for Wasde estimates for US and world 2019-20 cotton supply and demand
Bloomberg

Existing USDA estimate
Consensus forecast Range of forecasts
US production
21.63 21.35-22.00 21.71
US exports
16.46 16.19-16.60 16.50
US end stocks
6.95 6.59-7.20 7.00
World production
124.68 124.00-125.10 124.77
World consumption
121.54 121.00-121.80 121.61
World end stocks
83.67 83.03-84.50 83.69
All figures in million bales

 

 

 

 

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