Bigger Corn and Soybean Crops to Translate to Larger Carryover Tallies

Posted on 10/09/2018 1:50 PM

The tables below lay out the pre-report expectations, based on a Reuters survey of analysts (Bloomberg for cotton). We’ll have post-report coverage online shortly after their 11:00 a.m. CT release and in Evening Report on Oct. 11. The market fully anticipates larger corn and soybean crops will translate to even bigger carryover figures.

Expectations for 2018
U.S. Production

Corn

 

Production
(bil. bu.)

Yield
(bu. per acre)

Average est.

14.872

181.8

Range

14.700-15.220

180.6-183.5

USDA September

14.827

181.3

 

Soybeans

 

Production
(bil. bu.)

Yield
(bu. per acre)

Average est.

4.733

53.3

Range

4.623-4.890

52.0-55.0

USDA September

4.693

52.8

 

Cotton

 

Production
(mil. bales)

Yield
(lbs. per acre)

Average est.*

19.52

NA

Range*

19.10-19.80

NA

USDA September

19.68

895

 

*Based on the results of a survey by Bloomberg News.

 

Expectations for
U.S. Carryover

Corn – billion bushels

Marketing year

2018-19

Average est.

1.919

Range

1.766-2.352

USDA September

1.774

 

Soybeans – million bushels

Marketing year

2018-19

Average est.

898

Range

778-985

USDA September

845

 

Wheat – million bushels

Marketing year

2018-19

Average est.

950

Range

895-997

USDA September

935

 

Cotton – million bales

Marketing year

2018-19

Average est.*

4.65

Range

4.30-5.10

USDA September

4.70

*Based on the results of a survey by Bloomberg News.

 

 

Expectations for
Global Carryover

Corn – MMT

Marketing year

2018-19

Average est.

159.30

Range

156.00-165.90

USDA September

157.03

 

Soybeans – MMT

Marketing year

2018-19

Average est.

109.53

Range

105.50-113.00

USDA September

108.26

 

Wheat – MMT

Marketing year

2018-19

Average est.

261.41

Range

259.00-264.50

USDA September

261.29

 

Cotton – million bales

Marketing year

2018-19

Average est. *

77.58

Range*

76.90-78.00

USDA September

77.46

*Based on the results of a survey by Bloomberg news.

Add new comment