Category: Wheat (page 1 of 43)

USDA Supply and Demand Update, June 9, 2017

U.S. Grain Stocks 2016-17

 

June Est.

Avg. Trade Est.

Trade Range

USDA May

Corn

2.295

2.287

2.215 – 2.360

2.295

Soybeans

0.450

0.433

0.400 – 0.458

0.435

Wheat

1.161

1.161

1.144 – 1.200

1.159

U.S Grain Stocks 2017-18

 

June Est.

Avg. Trade Est.

Trade Range

USDA May

Corn

2.110

2.085

1.985 – 2.200

2.110

Soybeans

0.495

0.485

0.435 – 0.612

0.480

Wheat

0.924

0.911

0.860 – 0.995

0.914

World Grain Stocks 2016-17

June Est.

Avg. Trade Est.

Trade Range

USDA May

Corn

224.59

224.00

221.50 – 226.80

223.90

Soybeans

93.21

90.79

90.14 – 92.35

90.14

Wheat

256.43

255.24

253.30 – 256.10

255.35

World Grain Stocks 2017-18

June Est.

Avg. Trade Est.

Trade Range

USDA May

Corn

194.33

195.48

193.40 – 197.25

195.27

Soybeans

92.22

89.44

88.80 – 90.70

88.81

Wheat

261.19

257.77

254.80 – 260.00

258.29

U.S. Winter Wheat Production

 

June Est.

Avg. Trade Est.

Trade Range

USDA May

All Wheat

1.824

1.815

1.795 – 1.833

1.820

All Winter
1.250

1.239

1.207 – 1.292

1.246

Hard Red Winter

0.743

0.731

0.704 – 0.783

0.737

Soft Red Winter

0.298

0.295

0.290 – 0.300

0.297

White Winter

0.209

0.214

0.208 – 0.222

0.212

South American Production

June Est.

Avg. Trade Est.

Trade Range

USDA May

Brazil Corn

97.00

96.48

96.00 – 98.00

96.00

Brazil Soybeans

114.00

112.24

111.60 – 113.20

111.60

Argentina Corn

40.00

40.29

40.00 – 42.00

40.00

Argentina Soybeans

57.80

57.40

56.90 – 58.20

57.00

USDA Supply and Demand TUESDAY, APRIL 11, 2017

2016/17 U.S. Endings Stocks

April # Avg. Trade Est. Trade Range USDA March
Corn ​2.320 2.352 2.270 – 2.484 2.320
Soybeans ​.445 0.447 0.410 – 0.475 0.435
Wheat ​1.159 1.147 1.100 – 1.200 1.129

2016/17 World Grain Stocks

April # Avg. Trade Est. Trade Range USDA March
Corn ​222.98 221.81 219.50 – 225.15 220.68
Soybeans ​87.41 83.91 81.50 – 85.75 82.82
Wheat ​252.26 250.24 248.50 – 253.00 249.94

South American Production

April # Avg. Trade Est. Trade Range USDA March
Brazil Corn ​93.5 92.43 90.50 – 94.00 91.50
Brazil Soy ​111.0 109.86 107.00 – 111.56 108.00
Argentina Corn ​38.5 37.79 37.00 – 38.50 37.50
Argentina Soy ​56.0 55.89 55.00 – 57.50 55.50

Corn Planting Progress & Winter Wheat Conditions 4/9/17

The USDAs first official planting progress report showed: Texas 59% planted at this point vs. 45% last year vs. 50% on average; North Carolina 10% planted vs. 19% last year vs. 17% on average; Tennessee 7% planted vs. 15% last year vs. 16% last year; Missouri 5% planted vs. 21% last year vs. 12% on average; Kansas 4% planted vs. 15% last year vs. 8% on average; Kentucky 4% planted vs. 5% last year vs. 9% on average; Illinois 1% planted vs. 2% last year vs. 5% on average.

 

The U.S. winter wheat crop was pushed from 51% “Good-To-Excellent” last week to 53% “Good-To-Excellent” this week. This rating compares to the crop being 56% “Good-to-Excellent” at this point last year, a crop that produced record setting yields.

USDA Supply and Demand Thursday, February 9, 2017

2016/17 U.S. Ending Stocks

 

Feb. #

Avg. Trade Guess

Trade Range

USDA January

Corn

2.320

2.335

2.280 – 2.415

2.355

Soybeans

0.420

0.410

0.386 – 0.448

0.420

Wheat

1.139

1.180

1.145 – 1.211

1.186

2016/17 World Ending Stocks

Feb. #

Avg. Trade Guess

Trade Range

USDA January

Corn

217.56

220.43

218.00 – 225.10

220.98

Soybeans

80.38

80.93

78.90 – 82.50

82.32

Wheat

248.61

253.13

252.00 – 254.70

253.29

South American Production

Feb. #

Avg. Trade Guess

Trade Range

USDA January

Brazil
Corn

86.50

87.05

82.20 – 91.50

86.50

Brazil
Soybeans

104.00

104.08

103.25 – 105.00

104.00

Argentina
Corn

36.50

35.78

34.00 – 36.50

36.50

Argentina
Soybeans

55.00

54.54

52.20 – 56.00

57.00

Canada’s Wheat Production To Stay High

Canada’s farm ministry, AAFC, in its first forecast for 2017/18 estimated the country’s wheat harvest at 29.1 million metric tons — a drop of 2.6 million metric tons year-over-year, but a figure that would nonetheless rank as the fourth biggest in the last 20 years.

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