USDA REPORT SNAP

 

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report

Following are key numbers from the USDA’s crop report Thursday and how the government’s estimates compared to analysts’ forecasts in a Wall Street Journal survey.

U.S. 2019 Production, Yield (million bushels, bushels per acre)

Thursday’s    Average                    USDA

Estimates     Forecast    Range         August

Corn Production       13,799.0        13,614  13,040-14,003   13,901

Soybean Production     3,633.0         3,596   3,499-3,745     3,680

 

Thursday’s    Average                    USDA

Estimates     Forecast    Range         August

Corn Yield               168.2        166.7    163.0-170.7     169.5

Soybean Yield             47.9         47.2     46.0-49.0       48.5

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U.S. Stockpiles (million bushels)

2018-19

Thursday’s    Average                     USDA

Estimates     Forecast    Range         August

Corn                     2,445        2,398    2,280-2,460      2,360

Soybeans                 1,005        1,043      990-1,084      1,070

2019-20

Thursday’s     Average                     USDA

Estimates     Forecast    Range         August

Corn                     2,190        1,965    1,570-2,269      2,181

Soybeans                   640          661      565-  797        755

Wheat                    1,014        1,014      909-1,037      1,014

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World Stockpiles (million metric tons)

2018-19

Thursday’s     Average                     USDA

Estimates     Forecast    Range         August

Corn                     329.6        329.6    327.0-332.3      328.6

Soybeans                 112.4       114.1    113.0-115.9      114.5

Wheat                    277.2       275.3    272.0-276.9      275.5

2019-20

Thursday’s     Average                     USDA

Estimates     Forecast    Range         August

Corn                     306.3       301.8    292.7-307.0      307.7

Soybeans                  99.2       101.6     97.0-119.0      101.7

Wheat                    286.5       285.5    283.0-288.1      285.4

 

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