USDA cuts global ending stocks for beans, wheat, cotton and corn
|
U.S. Carryover |
|
|
Corn – billion bushels |
|
|
2021-22 |
|
|
USDA |
1,540 |
|
Average est. |
1.512 |
|
USDA January |
1.540 |
|
Soybeans – million bushels |
|
|
2021-22 |
|
|
USDA |
325 |
|
Average est. |
310 |
|
USDA January |
350 |
|
Wheat – million bushels |
|
|
2021-22 |
|
|
USDA |
648 |
|
Average est. |
629 |
|
USDA January |
628 |
|
Cotton – million bales |
|
|
2021-22 |
|
|
USDA |
3.50 |
|
Average est. |
3.29 |
|
USDA January |
3.20 |
|
Global Carryover |
|
|
Corn – MMT |
|
|
|
2021-22 |
|
USDA |
302.22 |
|
Average est. |
300.32 |
|
USDA January |
303.07 |
|
Soybeans – MMT |
|
|
|
2021-22 |
|
USDA |
92.83 |
|
Average est. |
91.51 |
|
USDA January |
95.20 |
|
Wheat – MMT |
|
|
|
2021-22 |
|
USDA |
278.21 |
|
Average est. |
279.89 |
|
USDA January |
279.95 |
|
Cotton – million bales |
|
|
|
2021-22 |
|
USDA |
84.31 |
|
Average est. |
84.95 |
|
USDA January |
85.01 |
|
Global Production Highlights |
|
|
Corn – MMT |
|
|
|
2020-21 |
|
Argentina |
54.00 (54.00) |
|
Brazil |
114.00 (115.00) |
|
South Africa |
17.00 (17.00) |
|
Ukraine |
42.00 (42.00) |
|
China |
272.55 (272.55) |
|
Soybeans – MMT |
|
|
|
2021-22 |
|
Argentina |
45.00 (46.50) |
|
Brazil |
134.00 (139.00) |
|
Paraguay |
6.30 (8.50) |
|
Wheat – MMT |
|
|
|
2021-22 |
|
Argentina |
20.50 (20.50) |
|
Australia |
34.00 (34.00) |
|
Canada |
21.65 (21.65) |
|
EU |
138.90 (138.90) |
|
Russia |
75.50 (75.50) |
|
Ukraine |
33.00 (33.00) |
