USDA Corn, Soybean Yield Forecasts Down From August, but Top Expectations

Posted on 09/12/2019 11:38 AM

 

2019 U.S. Production

Corn

 

Production
(bil. bu.)

Yield
(bu. per acre)

Planted acres (mil.)

Harvested acres (mil.)

USDA

 13.799

168.2

90.005

82.017

Average est.

13.672

 167.2

NA

NA

USDA August

13.901

169.5

90.005

82.017

 

Soybeans

 

Production
(bil. bu.)

Yield
(bu. per acre)

Planted acres (mil.)

Harvested acres (mil.)

USDA

3.632

47.9

76.700

75.866

Average est.

3.577

47.2

 NA

NA

USDA August

3.680

48.5

76.700

75.866

 

Cotton

 

Production
(mil. bales)

Yield
(lbs. per acre)

Planted acres (mil.)

Harvested acres (mil.)

USDA

21.862

839

13.761

12.509

Average est.*

21.97

NA

NA

NA

USDA August

22.52

855

13.903

12.637

 

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

U.S. Carryover

Corn – billion bushels

 

2018-19

2019-20

USDA

2.445

2.190

Average est.

2.401

2.002

USDA August

2.360

2.181

 

Soybeans – billion bushels

 

2018-19

2019-20

USDA

1.005

0.640

Average est.

1.054

0.660

USDA August

1.070

0.755

 

Wheat – billion bushels

 

2018-19

2019-20

USDA

1.072

1.014

Average est.

NA

1.016

USDA August

1.072

1.014

 

Cotton – million bales

 

2018-19

2019-20

USDA

4.85

7.20

Average est.*

NA

7.14

USDA August

5.25

7.20

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

Global Carryover

Corn – MMT

 

2018-19

2019-20

USDA

329.55

306.27

Without China

117.71

110.45

Average est.

329.33

303.18

USDA August

328.58

307.72

 

Soybeans – MMT

 

2018-19

2019-20

USDA

112.41

99.19

Without China

92.67

80.17

Average est.

114.23

100.11

USDA August

114.53

101.74

 

Wheat – MMT

 

2018-19

2019-20

USDA

277.24

286.51

Without China

137.47

140.84

Average est.

275.60

285.71

USDA August

275.49

285.40

 

Cotton – million bales

 

2018-19

2019-20

USDA

80.80

83.75

Without China

45.13

49.95

Average est. *

NA

82.43

USDA August

80.27

82.45

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

Global Production Highlights

Corn – MMT

 

2018-19

September (August)

2019-20

September (August)

 

U.S.

366.29 (366.29)

 350.52 (353.09)

 

Argentina

51.00 (51.00)

                                   50.00 (50.00)

 

Brazil

 101.00 (101.00)

 101.00 (101.00)

 

South Africa

11.50 (11.50)

 14.00 (14.00)

 

Ukraine

35.81 (35.81)

36.00 (36.50)

 

China

257.33 (257.33)

 254.00 (254.00)

 

Soybeans – MMT

 

2018-19

September (August)

2019-20

September (August)

 

U.S.

 123.66 (123.66)

98.87 (100.16)

 

Argentina

         55.30 (56.00)

53.00 (53.00)

 

Brazil

117.00 (117.00)

 123.00 (123.00)

 

Paraguay

 9.00 (9.00)

10.20 (10.20)

 

China

15.90 (15.90)

17.10 (17.00)

 

Wheat – MMT

 

2018-19

September (August)

2019-20

September (August)

 

U.S.

51.29 (51.29)

53.89 (53.89)

 

Argentina

19.50 (19.50)

20.50 (20.50)

 

Australia

        17.30 (17.30)

19.00 (21.00)

 

Canada

32.20 (31.80)

 33.30 (33.30)

 

EU

136.86 (136.86)

151.00 (150.00)

 

Russia

71.69 (71.69)

 72.50 (73.00)

 

Ukraine

25.06 (25.06)

                              28.70 (29.20)

 

Cotton – million bales

 

2018-19

September (August)

2019-20

September (August)

 

U.S.

18.37 (18.37)

21.86 (22.52)

 

Australia

2.20 (2.40)

 1.90 (1.90)

 

Brazil

12.80 (12.80)

12.00 (12.00)

 

India

26.50 (26.50)

29.50 (29.00)

 

China

27.75 (27.75)

 27.75 (27.75)

 

 


 

 

 

 

 

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