Report Snapshot: USDA Hikes Corn Carryover by 200 Million Bushels

Posted on 04/09/2019 11:02 AM

U.S. Carryover (2018-19)

Corn – billion bushels

USDA

2.035

Average est.

1.991

USDA March

1.835

 

Soybeans – million bushels

USDA

895

Average est.

898

USDA March

900

 

Wheat – billion bushels

USDA

1.087

Average est.

1.072

USDA March

1.055

 

Cotton – million bales

USDA

4.40

Average est.*

4.33

USDA March

4.30

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

 

Global Carryover (2018-19)

Corn – MMT

USDA

314.01

Average est.

311.16

USDA March

308.53

 

Soybeans – MMT

USDA

107.36

Average est.

108.04

USDA March

107.17

 

Wheat – MMT

USDA

275.61

Average est.

271.00

USDA March

270.53

 

Cotton – million bales

USDA

76.44

Average est. *

75.81

USDA March

76.09

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

 

Global Production Highlights

Corn – MMT

 

2018-19

April (March)

U.S.

366.29 (366.29)

Argentina

47.00 (46.00)

Brazil

96.00 (94.50)

South Africa

11.00 (11.00)

China

257.33 (257.33)

Soybeans – MMT

 

2018-19

April (March)

U.S.

123.66 (123.66)

Argentina

55.00 (55.00)

Brazil

117.00 (116.50)

Paraguay

9.00 (9.00)

China

15.90 (15.90)

Wheat – MMT

 

2018-19

April (March)

U.S.

51.29 (51.29)

Argentina

19.50 (19.50)

Australia

17.30 (17.30)

Canada

31.80 (31.80)

EU

137.60 (137.60)

Cotton – million bales

 

2018-19

April (March)

U.S.

18.39 (18.39)

Australia

2.50 (2.50)

Brazil

11.80 (11.75)

India

27.00 (27.00)

China

27.75 (27.50)

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