Forecasts For Thursday's USDA Report

Posted by Nogger - a legend in his own mind at 12:21 | Categorized as

The USDA are out Thursday with their latest supply & demand and stocks estimates, here's a quick note of what the trade is expecting (in billion bushels):

Wheat production
                   Avg        May USDA       2009
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All wheat         2.054         2.043        2.216
All winter        1.453         1.458        1.523
HRW wheat         0.939         0.960        0.919
SRW wheat         0.288         0.283        0.404
White wheat       0.217         0.215        0.200
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2009/10 Ending stocks
                   Avg        May USDA      2008/09
Corn              1.724         1.738        1.673
Soybeans          0.184         0.190        0.138
Wheat             0.947         0.950        0.657
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2010/11 Ending stocks
                   Avg        May USDA
Corn              1.831         1.818
Soybeans          0.359         0.365 
Wheat             0.987         0.997
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