Report Snapshot: U.S. Corn, Soybean & Wheat Production Exceed Expectations

Posted on 08/10/2018 11:52 AM

 

Here you’ll find tables pulling out the highlights of today’s Supply & Demand and Crop Production Reports.

 

2018 U.S. Production

Corn

 

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

14.586

178.4

Average est.

14.411

176.2

USDA July proj.

14.230

174.0

 

Soybeans

 

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

4.585

51.6

Average est.

4.407

49.6

USDA July proj.

4.310

48.5

 

Cotton

 

Production
(mil. bales)

Yield
(lbs. per acre)

USDA

19.24

911

Average est.*

18.39

NA

USDA July proj.

18.50

845

 

*Based on the results of a survey by Bloomberg.

 

U.S. Wheat Production

All wheat – billion bu.

USDA

1.877

Average est.

1.850

USDA July

1.881

Winter wheat– billion bu.

USDA

1.189

Average est.

1.180

USDA July

1.193

HRW wheat – million bu.

USDA

661

Average est.

656

USDA July

657

SRW wheat – million bu.

USDA

291

Average est.

302

USDA July

303

White winter wheat – million bu.

USDA

215

Average est.

230

USDA July

232

Other spring wheat – million bu.

USDA

614

Average est.

601

USDA July

614

Durum wheat – million bu.

USDA

73

Average est.

74

USDA July

75

 

 

U.S. Carryover

Corn – billion bushels

 

2017-18

2018-19

USDA

2.027

1.684

Average est.

2.021

1.636

USDA July

2.027

1.552

 

Soybeans – million bushels

 

2017-18

2018-19

USDA

430

785

Average est.

460

465

USDA July

465

580

 

Wheat – billion bushels

 

2017-18

2018-19

USDA

1.100

0.935

Average est.

NA

0.961

USDA July

1.100

0.985

 

Cotton – million bales

 

2017-18

2018-19

USDA

4.40

4.60

Average est.*

NA

3.86

USDA July

4.00

4.00

 

Global Carryover

Corn – MMT

 

2017-18

2018-19

USDA

193.33

155.49

Average est.

190.81

152.59

USDA July

191.73

151.96

 

Soybeans – MMT

 

2017-18

2018-19

USDA

95.61

105.94

Average est.

95.53

99.33

USDA July

96.02

98.27

 

Wheat – MMT

 

2017-18

2018-19

USDA

273.07

258.96

Average est.

273.12

256.42

USDA July

273.50             

260.88

 

 

Cotton – million bales

 

2017-18

2018-19

USDA

84.51

77.10

Average est.*

NA

77.31

USDA July

84.96

77.84

 

 

 

Global Production Highlights

Corn – MMT

 

2017-18

August (July)

2018-19

August (July)

U.S.

370.96 (370.96)

370.51 (361.46)

Argentina

33.00 (33.00)

41.00 (41.00)

Brazil

83.00 (83.50)

94.50 (96.00)

South Africa

13.80 (13.50)

13.50 (14.00)

China

215.89 (215.89)

225.00 (225.00)

Soybeans – MMT

 

2017-18

August (July)

2018-19

August (July)

U.S.

119.52 (119.52)

124.81 (117.30)

Argentina

37.00 (37.00)

57.00 (57.00)

Brazil

119.50 (119.50)

120.50 (120.50)

Paraguay

10.00 (10.00)

9.80 (9.80)

China

14.20 (14.20)

14.50 (14.50)

Wheat – MMT

 

2017-18

August (July)

2018-19

August (July)

U.S.

47.37 (47.37)

51.08 (51.21)

Argentina

18.00 (18.00)

19.50 (19.50)

Australia

21.30 (21.30)

22.00 (22.00)

Canada

30.00 (30.00)

32.50 (32.50)

EU

151.68 (151.58)

137.50 (145.00)

Cotton – million bales

 

2017-18

August (July)

2018-19

August (July)

U.S.

20.92 (20.92)

19.24 (18.50)

Australia

4.70 (4.90)

3.55 (3.70)

Brazil

9.20 (9.20)

9.50 (9.50)

India

29.00 (29.00)

28.70 (28.70)

China

27.50 (27.50)

26.50 (26.50)


 

 

 

 

 

 

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