Report Snapshot: global corn, soybean carryover proves hefty
|
U.S. Cotton Production |
||
|
Cotton |
||
|
Production |
Yield |
|
|
USDA |
12.78 |
765 |
|
Average est. |
13.080 |
NA |
|
USDA Nov. |
13.090 |
783 |
|
U.S. Carryover |
||
|
Corn – billion bushels |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
NA |
2.131 |
|
Average est. |
NA |
2.152 |
|
USDA Nov. |
1.361 |
2.156 |
|
|
||
|
Soybeans – million bushels |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
NA |
245 |
|
Average est. |
NA |
243 |
|
USDA Nov. |
268 |
245 |
|
|
|
|
|
Wheat – million bushels |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
NA |
659 |
|
Average est. |
NA |
684 |
|
USDA Nov. |
580 |
684 |
|
|
|
|
|
Cotton – million bales |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
4.25 |
3.10 |
|
Average est. |
NA |
3.26 |
|
USDA Nov. |
4.25 |
3.20 |
|
Global Carryover |
||
|
Corn – MMT |
||
|
|
2022-23 |
2023-24 |
|
USDA |
300.10 |
315.22 |
|
Average est. |
NA |
313.44 |
|
USDA Nov. |
299.22 |
314.99 |
|
Soybeans – MMT |
||
|
|
2022-23 |
2023-24 |
|
USDA |
101.92 |
114.21 |
|
Average est. |
NA |
112.76 |
|
USDA Nov. |
100.31 |
114.51 |
|
Wheat – MMT |
||
|
|
2022-23 |
2023-24 |
|
USDA |
269.85 |
258.20 |
|
Average est. |
NA |
258.86 |
|
USDA Nov. |
269.55 |
258.69 |
|
Cotton – million bales |
||
|
|
2022-23 |
2023-24 |
|
USDA |
82.83 |
82.40 |
|
Average est. |
NA |
81.42 |
|
USDA Nov. |
82.84 |
79.92 |
