Category: Soybeans (page 1 of 66)

USDA Quarterly Stocks & Small Grains Report

U.S. Sept. 1, 2016/17 Grain Stocks

 

Sept.Est.

Avg. Trade Guess

Trade Range

USDA June 2017

USDA Sep. 2016

Corn

2.295

2.353

2.310 – 2.450

5.225

1.737

Soybeans

0.301

0.338

0.321 – 0.363

0.963

0.197

Wheat

2.253

2.205

2.083 – 2.495

1.184

2.545

U.S. Wheat Production

 

Sept. Est.

Avg. Trade Guess

Trade Range

USDA August

All Wheat

1.741

1.718

1.660 – 1.761

1.739

All Winter

1.269

1.286

1.267 – 1.319

1.287

Hard-Red Winter

0.750

0.758

0.749 – 0.765

0.758

Soft-Red Winter

0.292

0.305

0.286 – 0.316

0.306

White Winter

0.227

0.224

0.216 – 0.255

0.223

Other Spring

0.416

0.382

0.338 – 0.421

0.402

Durum

0.055

0.050

0.039 – 0.055

0.051

September 12, 2017 USDA WASDE Report

U.S. Production 2017/18

 

Sep. Est.

Avg. Trade Est.

Trade Range

USDA Aug.

Corn Production

14.184

14.003

13.754 – 14.295

14.153

Corn Yield

169.9

167.9

165.5 – 171.2

169.5

Soybean Production

4.431

4.322

4.179 – 4.435

4.381

Soybean Yield

49.9

48.7

47.1 – 50.0

49.4

U.S Grain Stocks 2016/17

 

Sep. Est.

Avg. Trade Est.

Trade Range

USDA Aug.

Corn

2.350

2.352

2.270 – 2.415

2.370

Soybeans

0.345

0.361

0.310 – 0.390

0.370

U.S Grain Stocks 2017/18

 

Sep. Est.

Avg. Trade Est.

Trade Range

USDA Aug

Corn

2.335

2.125

1.898 – 2.447

2.273

Soybeans

0.475

0.439

0.325 – 0.540

0.475

Wheat

0.933

0.914

0.866 – 0.943

0.933

World Stocks 2016/17

 

Sep. Est.

Avg. Trade Est.

Trade Range

USDA Aug

Corn

227.0

227.9

225.1 – 229.1

228.6

Sobyeans

96.0

96.7

95.5 – 97.3

97.0

World Stocks 2017/18

Sep. Est.

Avg. Trade Est.

Trade Range

USDA Aug

Corn

202.5

197.8

189.4 – 203.0

200.9

Sobyeans

97.5

97.2

95.0 – 100.0

97.8

Wheat

263.1

264.3

258.0 – 268.0

264.7

How Do 2017 State Corn & Soybean Yields Compare To Record Years?

Crop Progress w/e 7/30/17

Corn “Good-to-Excellent” conditions were lowered to 61% from 62% the previous week and compared to 76% last year. Below are some specifics regarding current corn crop-conditions and comparisons to last week and last year.

States “IMPROVING” 

Colorado raised by +9% to 66% vs 83% last year 

Pennsylvania raised by +8% to 88% vs 60% last year

Indiana raised by +2% to 49% vs 77% last year

Kentucky raised by +1% to 80% vs 75% last year

Minnesota raised by +1% to 81% vs 85% last year 

North Carolina raised by +1% to 76% vs 64% last year

Ohio raised by +1% to 57% vs. 54% last year 

South Dakota raised by +1% to 29% vs 58% last year

States “UNCHANGED” 

Illinois “unchanged” at 63% vs 83% last year 

Michigan “unchanged” at 69% vs 58% last year  

Nebraska “unchanged” at 61% vs 77% last year

Wisconsin “unchanged” at 70% vs 87% last year

States “DETERIORATING”   

North Dakota lowered by -5% to 39% vs 79% last year

Texas lowered by -5% to 69% vs 57% last year

Tennessee lowered by -4% to 82% vs 64% last year 

Missouri lowered by -2% to 61% vs 76% last year

Kansas lowered by -3% to 57% vs 67% last year

Iowa lowered by -2% to 65% vs 83% last year

For Soybeans, the USDA raised crop conditions to 59% now rated “Good-to-Excellent” versus 57% last week and 72% last year.  Below are some specifics regarding current corn crop-conditions and comparisons to last week and last year.

States “IMPROVING” 

Illinois raised higher by + 7% to 66% vs 77% last year 

Mississippi raised by +7% to 69% vs 70% last year

Indiana raised by +4% to 51% vs 71% last year 

Kentucky raised by +3% to 73% vs 71% last year 

South Dakota raised by +3% to 28% vs 60% last year

Louisiana raised by +2% to 85% vs 79% last year 

Missouri raised by +2% to 65% vs 70% last year 

Wisconsin raised by +2% to 74% vs 88% last year

Arkansas raised by +1% to 70% vs 58% last year

Michigan raised by +1% to 66% vs 58% last year 

Minnesota raised by +1% to 73% vs 80% last year

Nebraska raised +1% to 60% vs 76% last year 

Ohio raised by +1% to 48% vs 58% last year 

States “DETERIORATING”

North Dakota lowered by -7% to 34% vs 73% last year

North Carolina lowered by -7% to 64% vs 68% last year

Tennessee lowered by -7% to 72% vs 74% last year

Kansas lowered by -4% to 51% vs. 58% last year 

Iowa lowered by -2% to 60% vs 83% last year 

Crop Progress w/e 7/23

The USDA lowered their corn crop conditions estimate from 64% down to 62% now rated “good-to-excellent” vs 76% last year. Below are some specifics regarding current corn crop-conditions and comparisons to last week and last year:

States Where Conditions Improved Last Week 

  • Wisconsin improved +4% to 70% vs 86% last year
  • Michigan improved by +3% to 69% vs 56% last year 
  • Ohio improved +2% to 56% vs. 60% last year 
  • Texas improved +2% to 74% vs 59% last year
  • Illinois improved by +1% to 63% vs 82% last year
  • Kansas improved by +1% to 60% vs 67% last year
  • Minnesota improved by +1% to 80% vs 84% last year
  • Indiana “unchanged” at 47% vs 75% last year

States Where Conditions Deteriorated Last Week 

  • Colorado lowered -10% to 57% vs 79% last year 
  • Pennsylvania lowered -9% to 80% vs 62% last year
  • Missouri lowered by -6% to 63% vs 74% last year
  • Kentucky lowered -5% to 79% vs 73% last year
  • North Carolina lowered -5% to 75% vs 66% last year
  • Tennessee lowered-5% to 86% vs 65% last year 
  • Nebraska lowered -4% to 61% vs 79% last year
  • Iowa lowered by -3% to 68% vs 82% last year
  • South Dakota lowered -2% to 28% vs 60% last year
  • North Dakota lowered -1% to 44% vs 78% last year

The USDA dropped weekly soybean crop conditions -4%, from 61% down to 57% rated “Good-to-Excellent”. Below are some specifics regarding current corn crop- conditions and comparisons to last week and last year.

States Where Conditions Improved Last Week 

  • Louisiana improved +2% to 83% vs 70% last year 
  • North Dakota improved by +1% to 41% vs 71% last year
  • Wisconsin improved by +1% to 72% vs 86% last year

States Where Conditions Deteriorated Last Week  

  • Illinois lowered -8% to 59% vs 77% last year 
  • Kentucky lowered -7% to 70% vs 70% last year 
  • Mississippi lowered -5% to 62% vs 65% last year
  • Tennessee lowered -5% to 79% vs 71% last year
  • Kansas lowered -4% to 55% vs. 56% last year
  • North Carolina lowered -4% to 71% vs 69% last year  
  • South Dakota lowered -4% to 25% vs 61% last year
  • Michigan lowered -3% to 65% vs 59% last year 
  • Ohio lowered -3% to 47% vs 64% last year 
  • Arkansas lowered -2% to 69% vs 57% last year 
  • Indiana lowered -2% to 47% vs 73% last year 
  • Missouri lowered -2% to 63% vs 68% last year 
  • Nebraska lowered -4% to 69% vs 77% last year 
  • Iowa lowered -1% to 62% vs 81% last year 
  • Minnesota “unchanged” at 72% vs 78% last year

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