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Trade forecasts for Tuesday's Wasde report

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

 

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

 

 

 

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

Reuters

Consensus forecast Range of forecasts Existing USDA estimate
US corn (bn bushels)

1.864

1.788-1.942

1.892
US soybeans (bn bushels)

0.443

0.320-0.520 0.475
US wheat (bn bushels) 0.954

0.934-0.975

0.965

World corn (m tonnes 297.19 295.00-299.50

297.81

World soybeans (m tonnes) 96.90 94.20-99.30

96.90

World wheat (m tonnes) 287.44 285.00-288.80 288.08

 

 

 

 

 

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
20.12 20.00-20.20 20.10
US exports
16.63 16.30-17.00 16.50
US end stocks
5.31 5.00-5.76 5.40
World production
120.35 120.20-120.50 120.48
World consumption
120.15 120.00-120.30 120.22
World end stocks
79.58 79.25-79.80 79.59
All figures in million bales

 

 

 

Trade forecasts for Wasde estimates for 2019-20 South American corn and soybean output
Reuters

Existing USDA estimate
Consensus forecast Range of forecasts
Argentina corn production
49.97

48.00-51.00

50.00
Argentina soybean production 53.15 52.50-54.00

53.00

Brazil corn production
100.85

99.00-101.00

101.00
Brazil soybean production 123.65 122.50-125.00

123.00

All figures in million tonnes

 

 

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