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Trade forecasts for the USDA's March 9 Wasde report


The US Department of Agriculture will on Tuesday at 11am Chicago time (5pm UK time) reveal its March 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


Consensus forecast Range of forecasts Consensus forecast Range of forecasts Existing USDA estimate
US corn (bn bushels) 1.460 1.300-1.561 1.470 1.300-1.561 1.502
US soybeans (bn bushels) 0.117 0.110-0.125 0.117 0.110-0.125 0.120
US wheat (bn bushels)
0.838 0.821-0.868 0.839 0.826-0.868 0.836
World corn (m tonnes 284.5 280.0-287.0 284.17 280.00-286.00 286.53
World soybeans (m tonnes) 82.9 81.0-85.5 82.69 81.00-85.50 83.36
World wheat (m tonnes) 304.5 302.40-309.0 304.30 302.40-309.00 304.22








Trade forecasts for Wasde estimates for US and world 2020-21 cotton supply and demand

Existing USDA estimate
Consensus forecast Range of forecasts
US production
US exports
US end stocks
4.06 3.90-4.30 4.30
World production
World consumption
World end stocks
95.50 94.81-96.00 95.74
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)

47.0 47.00 47.50

Argentine soybeans

(m tonnes)

47.5 46.0-48.0 47.41 46.00-48.00 48.00

Brazilian corn

(m tonnes)

108.4 106.0-110.0 108.29 106.00-109.50 109.00

Brazilian soybeans

(m tonnes)

133.2 132.0-134.0 133.09 132.00-134.00 133.00


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