USDA WASDE Estimates for 06/11/2019 (from Bloomberg)
USDA WASDE (06/11/19)
US Crop Production 2019-20 (b bu)
Product Actual Estimate Range May’19 2018-19
Corn 14.040 12.988 – 14.859 15.030 14.420
Corn Yield 171.1 bpa 171.0 – 179.0 176.0 176.4
Soybeans 4.118 3.850 – 4.240 4.150 4.544
Soybean Yield 49.0 bpa 47.5 – 49.6 49.5 51.6
US Ending Stocks 2019-20 (m bu)
Product Actual Estimate Estimated Range May ’19
Corn 1772 1133 – 2404 2485
Soybeans 990 825 – 1346 970
Wheat 1106 925 – 1180 1141
US Ending Stocks 2018-19 (m bu)
Product Actual Estimate Estimated Range May ’19
Corn 2149 2035 – 2356 2095
Soybeans 1012 920 – 1079 995
Wheat 1119 1077 – 1152 1127
World Stocks 2019-20 (mmt)
Product Actual Estimate Range May ‘19
Corn 303.8 285.0 – 315.0 314.7
Soybeans 115.1 108.0 – 136.2 113.1
Wheat 289.7 276.4 – 294.0 293.0
World Stocks 2018-19 (mmt)
Product Actual Estimate Range May ‘19
Corn 324.9 314.0 – 328.4 325.94
Soybeans 113.6 107.4 – 115.9 113.18
Wheat 274.7 272.1 – 276.0 274.98
US 2019 WHEAT Production Survey (m bu)
2019 Crop Actual Estimate Range May ‘19 2018
All Wheat 1,889 1,837 – 1,952 1,897 1,884
All Winter Wheat 1,255 1,194 – 1,316 1,268 1,184
HR Winter 767 662 – 816 780 662
SR Winter 261 245 – 286 265 286
White Winter 235 215 – 252 224 236
South America Production (mmt)
Actual Estimate Range May ‘19
Brazil
Soybeans 117.1 116.0 – 118.0 117.0
Corn 99.9 96.0 – 102.0 100.0
Argentina
Soybeans 56.2 55.5 – 57.0 56.0
Corn 48.0 46.5 – 50.0 49.0
US and WORLD COTTON PRODUCTION, INVENTORY 2019-20 (m bales) (06/11/19)
Actual Estimate Estimated Range Last
US Production 22.06 20.50 – 23.00 22.00
US Exports 16.91 15.70 – 17.50 17.00
US End Stocks 6.59 5.80 – 7.00 6.40
World Production 125.78 122.00 – 128.80 125.45
World Consumption 126.03 125.00 – 126.80 125.93
World End Stocks 76.05 73.94 – 78.50 75.69
CONAB Brazil Crop Outlook Estimates (06/11/19)
Actual Estimate Range Last Yr Ago
Soybean Area (M Ha) 36.0 35.8 – 36.5 35.802 35.149
Soybean Production (M tons) 116.2 114.5 – 117.9 114.314 119.28
Soybean Yield (k Kg/Ha) 3.23 3.20 – 3.25 3.193 3.394
Corn Area (M Ha) 17.4 17.1 – 17.8 17.256 16.616
Corn Production (M tons) 98.3 96.4 – 101.8 95.3 80.71
Corn Yield (k Kg/Ha) 5.66 5.50 – 5.88 5.448 4.857
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