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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