Report Snapshot: USDA’s Corn, Soybean and Cotton Crop Pegs Drop More Than Anticipated

Posted on 11/08/2018 10:52 AM

2018 U.S. Production

Corn

 

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

14.626

178.9

Average est.

14.721

180.0

USDA October

14.778

180.7

 

Soybeans

 

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

4.600

52.1

Average est.

4.676

52.9

USDA October

4.690

53.1

 

Cotton

 

Production
(mil. bales)

Yield
(lbs. per acre)

USDA

18.408

852

Average est.*

19.21

NA

USDA October

19.763

901

 

*Based on the results of a survey by Bloomberg.

 

U.S. Carryover (2018-19)

Corn – billion bushels

USDA

1.736

Average est.

1.773

USDA October

1.813

 

Soybeans – million bushels

USDA

955

Average est.

898

USDA October

885

 

Wheat – million bushels

USDA

949

Average est.

958

USDA October

956

 

Cotton – million bales

USDA

4.30

Average est.*

4.62

USDA October

5.00

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

 

Global Carryover (2018-19)

Corn – MMT

USDA

307.51

Average est.

158.82

USDA October

159.35

 

Soybeans – MMT

USDA

112.08

Average est.

110.91

USDA October

110.04

 

Wheat – MMT

USDA

266.71

Average est.

259.45

USDA October

260.18

 

Cotton – million bales

USDA

72.61

Average est. *

74.16

USDA October

74.45

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

 

Global Production Highlights

Corn – MMT

 

2018-19

November (October)

U.S.

371.52 (375.37)

Argentina

42.50 (41.00)

Brazil

94.50 (94.50)

South Africa

13.00 (13.00)

China

256.00 (225.00)

Soybeans – MMT

 

2018-19

November (October)

U.S.

127.63 (127.63)

Argentina

57.00 (57.00)

Brazil

120.50 (120.50)

Paraguay

9.80 (9.80)

China

15.00 (15.00)

Wheat – MMT

 

2018-19

November (October)

U.S.

51.29 (51.29)

Argentina

19.50 (19.50)

Australia

17.50 (18.50)

Canada

31.50 (31.50)

EU

137.60 (137.50)

Cotton – million bales

 

2018-19

November (October)

U.S.

18.41 (19.76)

Australia

2.50 (2.50)

Brazil

10.00 (10.00)

India

28.00 (28.70)

China

27.50 (27.50)


 

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