Recent Stocks Data Signals a Big Jump in Corn Carryover Is Likely

Posted on 04/05/2019 10:59 AM

Expectations for
U.S. Carryover

Corn – billion bushels

Marketing year

2018-19

Average est.

1.991

Range

1.870-2.135

USDA March

1.835

 

Soybeans – million bushels

Marketing year

2018-19

Average est.

898

Range

845-935

USDA March

900

 

Wheat – billion bushels

Marketing year

2018-19

Average est.

1.072

Range

1.045-1.100

USDA March

1.055

 

Cotton – million bales

Marketing year

2018-19

Average est.*

4.33

Range

4.10-4.50

USDA March

4.30

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

 

Expectations for
Global Carryover

Corn – MMT

Marketing year

2018-19

Average est.

311.16

Range

307.00-314.90

USDA March

308.53

 

Soybeans – MMT

Marketing year

2018-19

Average est.

108.04

Range

106.20-111.10

USDA March

107.17

 

Wheat – MMT

Marketing year

2018-19

Average est.

271.00

Range

269.80-274.22

USDA March

270.53

 

Cotton – million bales

Marketing year

2018-19

Average est. *

75.81

Range*

75.00-77.00

USDA March

76.09

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

Brazilian Production

Soybeans – MMT

Average est.

116.19

Range

115.00-117.00

USDA March

116.50

 

Corn – MMT

Average est.

94.83

Range

94.50-95.50

USDA March

94.50

 

Argentine
Production

Soybeans – MMT

Average est.

55.36

Range

54.50-56.00

USDA March

55.00

 

Corn – MMT

Average est.

46.44

Range

46.00-47.00

USDA March

46.00

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