Markets Extra

Trade forecasts for the USDA's April 9 Wasde report

Markets Extra09 Apr 2021by Markets Extra

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

Below, results of Bloomberg and Reuters surveys on what investors expect for US corn, soybean and wheat data, plus expectations for US and world cotton supply and demand, as measured by a Bloomberg poll.

Trade forecasts for Wasde data on US and world 2020-21 closing stocks
	Bloomberg		Reuters
	Consensus forecast	Range of forecasts	Consensus forecast	Range of forecasts	Existing USDA estimate
US corn (bn bushels)	1.379	1.200-1.550	1.396	1.200-1.502	1.502
US soybeans (bn bushels)	0.118	0.105-0.135	0.119	0.110-0.135	0.120
US wheat (bn bushels)	0.846	0.827-0.877	0.847	0.827-0.872	0.836

World corn (m tonnes	284.8	273.5-289.5	284.8	282.4-287.0	287.7
World soybeans (m tonnes)	83.3	79.7-85.0	83.5	82.5-85.0	83.7
World wheat (m tonnes)	301.7	297.8-304.8	301.6	297.8-303.0	301.2

Trade forecasts for Wasde estimates for US and world 2020-21 cotton supply and demand
	Bloomberg		Existing USDA estimate
	Consensus forecast	Range of forecasts	Existing USDA estimate
US production	14.67	14.55-14.80	14.70
US exports	15.58	15.50-15.80	15.50
US end stocks	4.11	3.90-4.30	4.20

World production	113.20	113.00-113.50	113.32
World consumption	117.51	117.00-118.00	117.46
World end stocks	94.43	93.70-95.23	94.59
All figures in million bales

Trade forecasts for Wasde data on 2020-21 Argentine and Brazilian corn and soybean harvests
	Bloomberg		Reuters
	Consensus forecast	Range of forecasts	Consensus forecast	Range of forecasts	Current USDA figure
Argentine corn (m tonnes)	46.7	45.0-47.5	46.6	45.0-47.5	47.50
Argentine soybeans (m tonnes)	46.7	44.5-47.5	46.6	44.5-47.6	47.50
Brazilian corn (m tonnes)	108.3	105.0-110.0	108.3	105.1-110.0	109.0
Brazilian soybeans (m tonnes)	134.2	132.0-137.0	134.0	132.0-137.0	134.0

LIVE FORECASTS - First estimate for wheat planted area in Argentina 2021-22

First estimate for wheat planted area in Argentina in the 2021-22 season

Canada ag officials heighten warning over Prairies dryness

"Spring rains need to be significantly higher than normal," AAFC saiys, as it underlines expectations of tight domestic canola supplies

Carr's Group shares rise, as it reveals 'positive' trading, profits rise

The engineering-to-farm retail group sees tailwinds from a strategic review and reviving feed margins. But what about USDA forecasts for UK wheat in 2021-22?

Canadian wheat 2019-20

Estimates for Canadian wheat output in 2019-20