Expectations for USDA’s November Reports

Posted on 11/06/2018 11:19 AM

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 Nov. 8.

Expectations for 2018
U.S. Production

Corn

 

Production
(bil. bu.)

Yield
(bu. per acre)

Average est.

14.721

180.0

Range

14.576-14.806

178.2-181.0

USDA October

14.778

180.7

 

Soybeans

 

Production
(bil. bu.)

Yield
(bu. per acre)

Average est.

4.676

52.9

Range

4.637-4.698

52.5-53.5

USDA October

4.690

53.1

 

Cotton

 

Production
(mil. bales)

Yield
(lbs. per acre)

Average est.*

19.21

NA

Range*

18.65-19.75

NA

USDA October

19.76

901

 

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

 

Expectations for
U.S. Carryover

Corn – billion bushels

Marketing year

2018-19

Average est.

1.773

Range

1.688-2.352

USDA October

1.813

 

Soybeans – million bushels

Marketing year

2018-19

Average est.

898

Range

833-1,010

USDA October

885

 

Wheat – million bushels

Marketing year

2018-19

Average est.

958

Range

925-981

USDA October

956

 

Cotton – million bales

Marketing year

2018-19

Average est.*

4.62

Range

4.15-5.10

USDA October

5.00

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

 

 

Expectations for
Global Carryover

Corn – MMT

Marketing year

2018-19

Average est.

158.82

Range

157.00-159.35

USDA October

159.35

 

Soybeans – MMT

Marketing year

2018-19

Average est.

110.91

Range

109.50-113.50

USDA October

110.04

 

Wheat – MMT

Marketing year

2018-19

Average est.

259.45

Range

257.50-261.20

USDA October

260.18

 

Cotton – million bales

Marketing year

2018-19

Average est. *

74.16

Range*

72.85-75.00

USDA October

74.45

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

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