USDA WASDE Report Summary
11/07/13 -- The USDA's eagerly awaited raft of important numbers are out. For wheat they left Russian and Indian output unchanged at 54 MMT and 92 MMT respectively, when a drop may have been in order. They did however raise Chinese wheat imports in 2013/14 from 3.5 MMT to 8.5 MMT.
Here's a selection of some of them, with a few more to follow, I'm typing as fast as I can you know, and there's only me.....
USDA 2012/13 Ending Stocks Estimates (million bushels):
| Product |
USDA
|
Avg Est
|
Range
|
USDA Jun
|
|
| Wheat |
718
|
745
|
743-747
|
746
|
|
| Corn |
729
|
722
|
537-773
|
769
|
|
| Beans |
125
|
121
|
104-125
|
125
|
USDA 2013/14 Ending Stocks Estimates (million bushels):
| Product |
USDA
|
Avg Est
|
Range
|
USDA Jun
|
|
| Wheat |
576
|
624
|
477-685
|
659
|
|
| Corn |
1959
|
1874
|
1618-2076
|
1949
|
|
| Beans |
295
|
270
|
166-329
|
265
|
South American Crop Production:
2013/14
|
2012/13
|
|||
| Product |
USDA
|
USDA Jun
|
USDA
|
USDA Jun
|
| Brazil Soybeans |
85.0
|
85.0
|
82.0
|
82.0
|
| Brazil Corn |
72.0
|
72.0
|
77.0
|
77.0
|
| Argentina Soybeans |
53.5
|
54.5
|
50.2
|
51.0
|
| Argentina Corn |
27.0
|
27.0
|
26.5
|
26.5
|
World Ending Stocks Estimates (MMT):
2013/14
|
2012/13
|
|||
| Product |
USDA
|
USDA Jun
|
USDA
|
USDA Jun
|
| Wheat |
172.4
|
181.25
|
174.5
|
179.87
|
| Soybeans |
74.1
|
73.69
|
61.5
|
61.21
|
| Corn |
151.0
|
151.83
|
123.6
|
124.31
|
USDA 2013/14 US Wheat Production (million bushels):
| Product |
USDA
|
Avg Est
|
Range
|
USDA June
|
| US All Wheat |
2114
|
2057
|
1942-2110
|
2080
|
| All Winter Wheat |
1543
|
1507
|
1454-1555
|
1509
|
| HRW Wheat |
793
|
772
|
730-808
|
781
|
| SRW Wheat |
539
|
522
|
478-552
|
509
|
| White Winter Wheat |
200
|
214
|
204-220
|
219
|
