Category: Wheat (page 2 of 44)

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.

USDA’s final production estimates for 2016 released January 12

U.S. Corn & Soybean Production

 

Jan. #

Previous USDA

Avg. Guess

Range of Guesses

USDA 2015

Corn
Crop Total

15.148

15.226

15.196

14.999 – 15.320

13.601

Corn
Yield Avg.

174.6

175.3

175.1

172.3 – 176.5

168.40

Corn
Harvested Acres

86.7

86.836

86.747

85.514 – 88.231

80.70

Soybean
Crop Total

4.307

4.361

4.374

4.262 – 4.440

3.926

Soybean
Yield Avg.

52.1

52.5

52.7

51.6 – 53.5

48.0

Soybean Harvested Acres

82.7

83.047

83.013

82.500 – 83.400

81.80

December 1 Quarterly Stocks

 

Jan. #

Dec. 1 2015

Avg. Guess

Range of Guesses

Corn

12.384

11.238

12.300

11.600 – 12.700

Soybeans

2.895

2.715

2.935

2.745 – 3.119

Wheat

2.073

1.746

2.056

1.828 – 2.158

2016/17 U.S. Ending Stocks

 

Jan. #

Previous USDA

Avg. Guess

Range of Guesses

Corn

2.355

2.403

2.385

2.206 – 2.800

Soybeans

0.420

0.480

0.468

0.407 – 0.510

Wheat

1.186

1.143

1.148

1.113 – 1.340

2016/17 World Ending Stocks

 

Jan. #

Previous USDA

Avg. Guess

Range of Guesses

Corn

221.0

222.25

221.94

218.00 – 225.00

Soybeans

82.3

82.85

82.58

79.60 – 84.20

Wheat

253.3

252.14

252.01

250.23 – 254.00

Winter Wheat Acreage

 

Jan. #

USDA 2016 Seedings

Avg. Guess

Range of Guesses

Hard Red Winter

23.30

26.586

24.954

22.600 – 26.664

Soft Red Winter

5.68

6.020

5.662

4.800 – 6.600

White Winter

3.37

3.531

3.473

3.200 – 4.300

Total
Winter

32.38

36.137

34.139

31.700 – 36.381

South American Crop Production

 

Jan. #

Previous USDA

Avg. Guess

Range of Guesses

Argentina Corn

36.50

36.50

36.30

34.00 – 37.50

Argentina Soybeans

57.00

57.00

56.48

54.00 – 58.00

Brazil
Corn

86.5

86.50

87.24

86.50 – 91.10

Brazil Soybeans

104.00

102.00

102.40

101.70 – 104.50

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