US quarterly stocks as of Dec 1 (in billions of bushels)

Dec 1, 2016

Average of analysts' estimates

Range of estimates

Sept 1, 2016

Dec 1, 2015

Wheat

2.073

2.056

1.828-2.158

2.545

1.746

Corn

12.384

12.300

11.600-12.700

1.737

11.235

Soybeans

2.895

2.935

2.745-3.119

0.197

2.714

USDA 2016/17 US corn and soybean crops (production in billions of bushels, yield in bushels per acre, harvested area in millions of acres)

Jan 2016/17

Average

Range

Dec 2016/17

2015/16

Corn

production

15.148

15.196

14.999-15.320

15.226

13.602

yield

174.6

175.1

172.3-176.5

175.3

168.4

harvested area

86.748

86.747

85.514-88.231

86.836

80.753

Soy

production

4.307

4.374

4.262-4.440

4.361

3.926

yield

52.1

52.7

51.6-53.5

52.5

48.0

harvested area

82.736

83.013

82.500-83.400

83.047

81.732

US winter wheat seedings for 2017 harvest (in millions of acres)

Jan

Average of analysts' estimates

Range of estimates

2016

All winter

32.383

34.139

31.700-36.381

36.137

Hard red winter

23.3

24.954

22.600-26.664

26.586

Soft red winter

5.68

5.662

4.800-6.600

6.020

White winter

3.37

3.473

3.200-4.300

3.531

USDA 2016/17 US grain and soybean ending stocks (in billions of bushels)

Jan 2016/17

Average

Range

Dec 2016/17

2015/16

Wheat

1.186

1.148

1.113-1.340

1.143

0.976

Corn

2.355

2.385

2.206-2.800

2.403

1.737

Soybeans

0.420

0.468

0.407-0.510

0.480

0.197

USDA 2016/17 world grain and soybean ending stocks (in millions of tonnes)

Jan 2016/17

Average

Range

Dec 2016/17

2015/16

Wheat

253.29

252.01

250.23-254.00

252.14

240.49

Corn

220.98

221.94

218.00-225.00

222.25

210.01

Soybeans

82.32

82.58

79.60-84.20

82.85

77.19