The USDA Numbers
12/09/12
-- The USDA's September WASDE numbers are out, here's some of the main ones:USDA 2012 US Yield Estimates (bushels/acre):
| Product |
USDA
|
Avg Est
|
Range
|
USDA Aug Est
|
|
| Corn |
122.8
|
120.6
|
117.6-123.4
|
123.4
|
|
| Beans |
35.3
|
35.5
|
32.0-36.7
|
36.1
|
USDA 2012 US Production Estimates (billion bushels):
| Product |
USDA
|
Avg Est
|
Range
|
USDA Aug Est
|
|
| Corn |
10.727
|
10.403
|
9.860-10.779
|
10.779
|
|
| Beans |
2.634
|
2.638
|
2.400-2.739
|
2.692
|
USDA 2011/12 US Ending Stocks Estimates (billion bushels):
| Product |
USDA
|
Avg Est
|
Range
|
USDA Aug Est
|
|
| Corn |
1.181
|
1.014
|
0.750-1.176
|
1.021
|
|
| Beans |
0.130
|
0.137
|
0.095-0.173
|
0.145
|
USDA 2012/13 US Ending Stocks Estimates (billion bushels):
| Product |
USDA
|
Avg Est
|
Range
|
USDA Aug Est
|
|
| Wheat |
0.698
|
0.709
|
0.670-0.797
|
0.698
|
|
| Corn |
0.733
|
0.618
|
0.506-0.750
|
0.650
|
|
| Beans |
0.115
|
0.106
|
0.087-0.117
|
0.115
|
USDA 2012/13 World Ending Stocks Estimates (MMT):
| Product |
USDA
|
Avg Est
|
Range
|
USDA Aug Est
|
| Wheat |
176.7
|
171.49
|
172.00-177.88
|
177.2
|
| Corn |
124.0
|
121.02
|
118.75-123.00
|
123.3
|
| Beans |
53.1
|
51.92
|
48.79-53.00
|
53.4
|
World 2012/13 Crop Production (MMT):
| Product |
USDA
|
Avg Est
|
USDA Aug Est
|
| Brazil Soybeans |
81.0
|
-
|
81.0
|
| Brazil Corn |
70.0
|
-
|
70.0
|
| Argentina Soybeans |
55.0
|
-
|
55.0
|
| Argentina Corn |
28.0
|
-
|
28.0
|
| Russia Wheat |
39.0
|
-
|
43.0
|
| Australia Wheat |
26.0
|
-
|
26.0
|
| China Corn |
200.0
|
-
|
200.0
|