Report Snapshot: U.S. Corn and Wheat Ending Stocks Top Expectations

Posted on 03/08/2019 11:10 AM

U.S. Carryover (2018-19)

Corn – billion bushels

USDA

1.835

Average est.

1.736

USDA February

1.735

 

Soybeans – million bushels

USDA

900

Average est.

902

USDA February

910

 

Wheat – billion bushels

USDA

1.055

Average est.

1.020

USDA February

1.010

 

Cotton – million bales

USDA

4.30

Average est.*

4.42

USDA February

4.30

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

 

Global Carryover (2018-19)

Corn – MMT

USDA

308.53

Average est.

309.06

USDA February

309.78

 

Soybeans – MMT

USDA

107.17

Average est.

106.33

USDA February

106.72

 

Wheat – MMT

USDA

270.53

Average est.

267.47

USDA February

267.53

 

Cotton – million bales

USDA

76.09

Average est. *

75.31

USDA February

75.50

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

 

Global Production Highlights

Corn – MMT

 

2018-19

March (February)

U.S.

366.29 (366.29)

Argentina

46.00 (46.00)

Brazil

94.50 (94.50)

South Africa

11.00 (11.50)

China

257.33 (257.33)

Soybeans – MMT

 

2018-19

March (February)

U.S.

123.66 (123.66)

Argentina

55.00 (55.00)

Brazil

116.50 (117.00)

Paraguay

9.00 (9.50)

China

15.90 (15.90)

Wheat – MMT

 

2018-19

March (February)

U.S.

 

Argentina

19.50 (19.20)

Australia

17.30 (17.00)

Canada

31.80 (31.80)

EU

137.60 (137.60)

Cotton – million bales

 

2018-19

March (February)

U.S.

18.39 (18.39)

Australia

2.50 (2.60)

Brazil

11.75 (11.40)

India

27.00 (27.00)

China

27.50 (27.50)

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