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Trade forecasts for the USDA's April 9 Wasde report

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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
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

 

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