2017 U.S. Production

 

Jan. Est.

Avg. Guess

 

Trade Range

 

USDA Nov.

Corn Yield

176.6

175.4

173.7 – 177.0

175.4

Corn Production

14.604

14.579

14.400 – 14.750

14.578

Harvested Acres

82.7

83.103

83.000 – 83.222

83.119

Soybean Yield

49.1

49.5

49.0 – 50.0

49.5

Soybean Production

4.392

4.427

4.385 – 4.472

4.425

Harvested Acres

89.5

89.501

89.250 – 89.899

89.471

U.S. Dec. 1 Grain Stocks

 

Jan. Est.

Avg. Guess

Trade Range

USDA Sep. 1 2017

USDA Dec. 1 2016

Corn

12.516

12.431

12.230 – 12.675

2.295

12.386

Soybeans

3.157

3.181

2.963 – 3.305

0.301

2.898

Wheat

1.874

1.849

1.795 – 1.906

2.253

2.077

U.S. Winter Wheat Seedings

 

Jan. Est.

Avg. Guess

Trade Range

USDA Dec.

Hard Red Winter

23.10

22.327

21.100 – 23.100

23.426

Soft Red Winter

5.98

5.555

5.180 – 5.900

5.733

White Winter

3.56

3.435

3.120 – 3.600

3.537

Total Winter

32.61

31.307

30.100 – 32.000

32.696

U.S. Ending Stocks

 

Jan. Est.

Avg. Guess

Trade Range

USDA Dec.

Corn

2.477

2.431

2.263 – 2.550

2.437

Soybeans

0.470

0.472

0.425 – 0.543

0.445

Wheat

0.989

0.959

0.855 – 0.986

0.960

World Ending Stocks

 

Jan. Est.

Avg. Guess

Trade Range

USDA Dec.

Corn

206.6

203.09

198.50 -207.00

204.08

Soybeans

98.6

99.06

97.00 – 100.50

98.32

Wheat

268.0

268.26

265.00 – 271.00

268.42

South American Production

 

Jan. Est.

Avg. Guess

Trade Range

USDA Dec.

Argentina Corn

42.0

41.50

41.00 – 42.50

42.00

Soybeans

56.00

56.33

55.00 – 58.00

57.00

Brazil Corn

95.00

94.13

86.70 – 98.50

95.00

Soybeans

110.00

110.27

108.50 – 115.00

108.00