From: Terry Reilly
Sent: Thursday, July 12, 2018 9:33:52 AM (UTC-06:00) Central Time (US & Canada)
Subject: FI USDA report snapshot – before the report

FI convenience table attached and Reuters below

 

TABLE-USDA July crop supply/demand report estimates – Reuters News

10-Jul-2018 12:45:19 PM

 – The following tables summarize trade expectations for the U.S. Department of Agriculture’s monthly World Agricultural Supply and Demand Estimates (WASDE) report, which is scheduled for release at 12 p.m. EDT (1600 GMT) on Thursday.

U.S. ending stocks and wheat production figures are quoted in billions of bushels. World ending stocks and production figures are quoted in millions of tonnes.

USDA 2018-19 U.S. corn and soybean production

USDA July

Average of

Range of

USDA June

2018-19

analysts’

analysts’

2018-19

estimate

estimates

estimates

estimate

Corn

production

14.269

14.045-14.683

14.040

Corn yield

174.9

172.6-179.5

174.0

Soy production

4.314

4.200-4.402

4.280

Soy yield

48.6

47.0-49.5

48.5

USDA 2017-18 U.S. grain and soybean ending stocks

USDA July

Average of

Range of

USDA June

2017-18

analysts’

analysts’

2017-18

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Corn

_______

2.107

2.052-2.177

2.102

Soybeans

_______

0.507

0.478-0.530

0.505

 

USDA 2018-19 U.S. grain and soybean ending stocks

USDA July

Average of

Range of

USDA June

2018-19

analysts’

analysts’

2018-19

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Wheat

_______

0.973

0.924-1.021

0.946

Corn

_______

1.712

1.545-1.922

1.577

Soybeans

_______

0.471

0.390-0.571

0.385

 

 

USDA 2017-18 world grain and soybean ending stocks

USDA July

Average of

Range of

USDA June

2017-18

analysts’

analysts’

2017-18

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Wheat

________

272.46

271.00-274.50

272.37

Corn

________

191.42

189.50-192.88

192.69

Soybeans

________

91.76

89.00-93.00

92.49

 

USDA 2018-19 world grain and soybean ending stocks

USDA July

Average of

Range of

USDA June

2018-19

analysts’

analysts’

2018-19

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Wheat

________

265.05

262.00-268.00

266.16

Corn

________

156.27

151.00-163.00

154.69

Soybeans

________

88.15

85.00-92.00

87.02

 

USDA 2018-19 U.S. wheat production

USDA July

Average of

Range of

USDA

2018-19

analysts’

analysts’

June

estimate

estimates

estimates

estimates

All wheat

_______

1.858

1.825-1.923

1.827

All winter

_______

1.196

1.178-1.218

1.198

Hard red winter

_______

0.650

0.634-0.675

0.650

Soft red winter

_______

0.316

0.305-0.334

0.316

White winter

_______

0.229

0.202-0.244

0.232

Other spring

_______

0.599

0.568-0.646

NA

Durum

_______

0.072

0.060-0.083

NA

 

 

USDA world production

July USDA

June USDA

July USDA

June USDA

2017-18

2017-18

2018-19

2018-19

estimate

estimate

estimate

estimate

Argentina wheat

_____

18.00

_____

19.50

Australia wheat

_____

21.50

_____

24.00

Canada wheat

_____

30.00

_____

32.50

Russia wheat

_____

84.99

_____

68.50

Argentina corn

_____

33.00

_____

41.00

Brazil corn

_____

85.00

_____

96.00

South Africa corn

_____

13.50

____

14.00

China corn

______

215.89

______

225.00

Ukraine corn

_____

24.12

_____

30.00

Argentina soy

_____

37.00

_____

56.00

Brazil soy

______

119.00

______

118.00

 

(Reporting by Julie Ingwersen)

(( Julie.ingwersen@thomsonreuters.com ; 1-312-408-8710; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net ))

 

 

Keywords: USA-GRAINS/USDA (TABLE)

 

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Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

W: 312.604.1366

treilly@futures-int.com

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly

 

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