The USDA Numbers

USDA 2012 US Yield Estimates (bushels/acre):
Product | USDA |
Avg Est |
Range |
USDA Jul Est |
|
Corn | 123.4 |
126.2 |
117.6-134.0 |
146.0 |
|
Beans | 36.1 |
37.2 |
32.0-39.0 |
40.5 |
USDA 2012 US Production Estimates (billion bushels):
Product | USDA |
Avg Est |
Range |
USDA Jul Est |
|
Corn | 10.779 |
10.971 |
9.860-11.750 |
12.970 |
|
Beans | 2.692 |
2.786 |
2.400-2.925 |
3.050 |
USDA 2011/12 US Ending Stocks Estimates (billion bushels):
Product | USDA |
Avg Est |
Range |
USDA Jul Est |
|
Corn | 1.021 |
0.945 |
0.750-1.183 |
0.903 |
|
Beans | 0.145 |
0.157 |
0.138-0.200 |
0.170 |
USDA 2012/13 US Ending Stocks Estimates (billion bushels):
Product | USDA |
Avg Est |
Range |
USDA Jul Est |
|
Wheat | 0.698 |
0.681 |
0.600-0.718 |
0.664 |
|
Corn | 0.650 |
0.651 |
0.400-0.850 |
1.183 |
|
Beans | 0.115 |
0.115 |
0.095-0.140 |
0.130 |
USDA 2012/13 World Ending Stocks Estimates (MMT):
Product | USDA |
Avg Est |
Range |
USDA Jul Est |
Wheat | 177.2 |
178.95 |
172.50-184.00 |
182.44 |
Corn | 123.3 |
122.65 |
110.00-131.00 |
134.09 |
Beans | 53.4 |
54.17 |
52.52-56.00 |
55.66 |
South American 2012/13 Crop Production (MMT):
Product | USDA |
Avg Est |
USDA Jul Est |
Brazil Soybeans | 81.0 |
- |
78.0 |
Brazil Corn | 70.0 |
- |
67.0 |
Argentina Soybeans | 55.0 |
- |
55.0 |
Argentina Corn | 28.0 |
- |
25.0 |