USDA July 2016 Report Snapshot

Posted on 03/09/2017 10:22 AM

Following is a snapshot of key data from this morning's USDA Crop Production and Supply & Demand Reports:

 

2015-16

2016-17

Commodity

USDA

Avg.

Range

USDA
June

USDA

Avg.

Range

USDA
June

in billion bushels

Corn

1.701

1.805

1.708-1.907

1.708

2.081

2.205

1.969-2.408

2.008

Soybeans

0.350

0.352

0.280-0.420

0.370

0.290

0.287

0.170-0.360

0.260

Wheat

*0.981

NA

NA

0.980

1.105

1.107

1.017-1.231

1.050

Cotton (mil bales)

3.9

NA

NA

4.10

4.60

5.03

4.50-5.30

4.80

*2015-16 wheat carryover was set by the June 30 Grain Stocks Report.

2016 Wheat Production

USDA

Avg.

Range

USDA
June

2015

in billion bushels

All wheat

2.261

2.159

2.070-2.270

2.077

2.052

All winter

1.628

1.543

1.505-1.625

1.507

1.370

HRW

1.034

0.968

0.938-1.053

0.938

0.827

SRW

0.370

0.357

0.345-0.366

0.355

0.359

White winter

0.224

0.218

0.205-0.232

0.214

0.184

Other spring

0.550

0.550

0.485-0.620

NA

0.599

Durum

0.0828

0.090

0.084-0.096

NA

0.0825

 

Global Carryover
2016-17
July
2016-17
June
2015-16
July
Million Metric Tons
Corn
208.39
205.12

206.90

Wheat
253.70
257.84
244.52
Soybeans
67.10
66.31
72.17
Meal
11.23
10.47
12.14
Soyoil
3.67
3.72
3.87
Cotton (mil. bales)
91.29
94.73
100.27

 

Global crop in MMT
2016-17
July
2016-17
June
2015-16
July
Wheat
U.S.
61.53
56.53
55.84
Australia
25.5
25.0
24.5
Canada
29.0
28.5
27.6
EU
156.5
157.5
160.01
China
130.0
130.0
130.19
FSU-12
118.93
116.83
117.72
Corn
U.S.
369.33
366.54
345.49
Argentina
34.0
34.0
28.0
Brazil
80.0
82.0
70.0
EU
64.83
64.28
57.98
Mexico
24.20
24.20
25.0
China
218.0
218.0
224.58
FSU-12
44.16
44.16
40.42
Soybeans
U.S.
105.60
103.42
106.93
Argentina
57.0
57.0
56.5
Brazil
103.0
103.0
96.5
China
12.2
12.2
11.6
Cotton (mil. bales)
U.S.
15.80
14.80
12.89
Brazil
6.4
6.4
6.2
India
27.5
28.0
26.8
China
21.5
21.5
22.5
Pakistan
8.0
9.0
7.0

 


 

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