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Trade expectations for data in Thursday's Wasde report

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The US Department of Agriculture will on Thursday at 11am Chicago time (5pm UK time) unveil its February edition of the much-watched Wasde report.

 

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

 

 

 

Trade forecasts for Wasde data on 2017-18 closing stocks
Bloomberg Reuters Current USDA figure
Consensus forecast Range of forecasts Consensus forecast Range of forecasts

US corn

 

2.467bn bushels 2.402bn-2.547bn bushels 2.468bn bushels 2.425bn-2.550bn bushels 2.477bn bushels

World corn

 

204.2m tonnes 198.9m-206.6m tonnes 204.66m tonnes 198.9m-208.0m tonnes 204.57m tonnes

US soybeans

 

488m bushels 455m-540m bushels 486m bushels 460m-535m bushels 470m bushels

World soybeans

 

98.3m tonnes 97.0m-99.5m tonnes 98.61m tonnes 97.0m-100.5m tonnes 98.57m tonnes

US wheat

 

988m bushels 937m-1.014bn bushels 990m bushels 974m-1.014bn bushels 989m bushels

World wheat

 

267.6m tonnes 265.0m-269.7m tonnes 267.80m tonnes 265.0m-269.71m tonnes 268.02m tonnes

 

 

 

 

 

Trade forecasts for USDA estimates for South American corn, soybean production
Bloomberg Reuters Current USDA figure
Consensus forecast Range of forecasts Consensus forecast Range of forecasts
Brazilian corn
93.3m tonnes 87.1m-95.0m tonnes 93.73m tonnes 87.1m-95.5m tonnes 95.0m tonnes

Brazilian soybeans

 

111.5m tonnes 110.0m-114.0m tonnes 111.2m tonnes 110.0m-112.5m tonnes 110.0m tonnes

Argentine corn

 

40.5m tonnes 39.0m-42.0m tonnes 40.68m tonnes 40.0m-42.0m tonnes 42.0m tonnes

Argentine soybeans

53.8m tonnes 51.0m-56.0m tonnes 54.06m tonnes 52.0m-56.0m tonnes 56.0m tonnes

 

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