Posted on 02/08/2019 10:55 AM

2018 U.S. Production

Corn

 

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

14.420

176.4

Average est.*

14.532

177.9

USDA November

14.626

178.9

 

Soybeans

 

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

4.544

51.6

Average est.*

4.569

51.8

USDA November

4.600

52.1

 

Cotton

 

Production
(mil. bales)

Yield
(lbs. per acre)

USDA

18.390

838

Average est.*

18.430

NA

USDA December

18.588

860

 

*Based on the results of a survey by Bloomberg.

 

U.S. Carryover (2018-19)

Corn – billion bushels

USDA

1.735

Average est.

1.708

USDA December

1.781

 

Soybeans – million bushels

USDA

910

Average est.

926

USDA December

955

 

Wheat – billion bushels

USDA

1.010

Average est.

0.989

USDA December

0.974

 

Cotton – million bales

USDA

4.30

Average est.*

4.26

USDA November

4.40

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

 

Global Carryover (2018-19)

Corn – MMT

USDA

309.78

Average est.

307.06

USDA December

308.80

 

Soybeans – MMT

USDA

106.72

Average est.

112.67

USDA December

115.33

 

Wheat – MMT

USDA

267.53

Average est.

268.09

USDA December

268.10

 

Cotton – million bales

USDA

75.50

Average est. *

73.02

USDA December

73.19

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

 

 

Global Production Highlights

Corn – MMT

 

2018-19

February (December)

Argentina

46.00 (42.50)

Brazil

94.50 (94.50)

South Africa

11.50 (12.00)

China

257.33 (256.00)

Soybeans – MMT

 

2018-19

December (November)

Argentina

55.00 (55.50)

Brazil

117.00 (122.00)

Paraguay

9.50 (9.80)

China

15.90 (16.00)

Wheat – MMT

 

2018-19

December (November)

Argentina

19.20 (19.50)

Australia

17.00 (17.00)

Canada

31.80 (31.80)

EU

137.60 (137.60)

Cotton – million bales

 

2018-19

December (November)

U.S.

18.39 (18.59)

Australia

2.60 (2.50)

Brazil

11.40 (11.00)

India

27.00 (27.50)

China

27.50 (27.00)

 

Winter Wheat Seedings, 2019 Crop Year

 

All winter wheat – million acres

USDA

31.290

Average est.

32.128

USDA final 2018

32.535

 

HRW wheat – million acres

USDA

22.200

Average est.

22.579

USDA final 2018

22.923

 

SRW wheat – million acres

USDA

5.660

Average est.

5.963

USDA final 2018

6.076

 

White winter wheat – million acres

USDA

3.440

Average est.

3.488

USDA final 2018

3.536

 

Quarterly Grain Stocks Report

Corn – billion bu.

USDA Dec. 1, 2018

11.952

Average est. for Dec. 1, 2018

12.092

USDA Sept. 1, 2018

2.140

USDA Dec. 1, 2017

12.567

 

Soybeans – billion bu.

USDA Dec. 1, 2018

3.736

Average est. for Dec. 1, 2018

3.743

USDA Sept. 1, 2018

0.438

USDA Dec. 1, 2017

3.161

 

Wheat – billion bu.

USDA Dec. 1, 2018

1.999

Average est. for Dec. 1, 2018

1.957

USDA Sept. 1, 2018

2.379

USDA Dec. 1, 2017

1.873

 

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