USDA NUMBERS

Written By Sebastian Frost

Here are the numbers. We will have a full breakdown later this afternoon.

Overall the numbers were fairly bearish for corn, negative for beans, and somewhat neutral for wheat.

US Production:

  • Corn comes in well above estimates. Yield coming in at 177.3 vs last reports 174.9. Trade was expecting no changes.

  • Soybeans also above estimates at 50.6 vs 49.9

South America:

  •  Nearly all fall above trade estimates

  • Brazil beans 157 vs 156 est 

  • Brazil corn 55 vs 54.78 est

  • Argy beans 50 vs 48.9 est

  • Argy corn 55 vs 54.78 est

US Quarterly Grain Stocks:

  •  All come in higher than expectations

US Winter Wheat Plantings: 

  • All come in below trade estimates

US Ending Stocks:

  • Wheat comes in below expectations 

  • Both corn and beans come in above estimates but within the expected ranges

World Ending Stock Numbers:

  • All come in above estimates

  • Huge increase in corn mainly due to the crop China reported 

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Sebastian Frost
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