USDA 2018/19 US corn and soybean production

USDA July

2018/19

estimate

Average of

analysts'

estimates

Range of

analysts'

estimates

USDA June

2018/19

estimate

Corn production

14.230

14.269

14.045-14.683

14.040

Corn yield

174.0

174.9

172.6-179.5

174.0

Soy production

4.310

4.314

4.200-4.402

4.280

Soy yield

48.5

48.6

47.0-49.5

48.5

US wheat production (in billions of bushels)

July

USDA

2018/19

Average

Range

June

USDA

2018/19

USDA

2017/18

All wheat

1.881

1.858

1.825-1.923

1.827

1.741

All winter

1.193

1.196

1.178-1.218

1.198

1.269

Hard red winter

0.657

0.650

0.634-0.675

0.650

0.750

Soft red winter

0.303

0.316

0.305-0.334

0.316

0.292

White winter

0.232

0.229

0.202-0.244

0.232

0.227

Other spring

0.614

0.599

0.568-0.646

-

0.416

Durum

0.075

0.072

0.060-0.083

-

0.055

US grain and soybean ending stocks (in billions of bushels)


2018/19

2017/18

USDA

July

Average

Range

USDA

June

USDA

July

Average

Range

USDA

June

Corn

1.552

1.712

1.545-1.922

1.577

2.027

2.107

2.052-2.177

2.102

Soybeans

0.580

0.471

0.390-0.571

0.385

0.465

0.507

0.478-0.530

0.505

Wheat

0.985

0.973

0.924-1.021

0.946

1.1

1.080

World Grain Carryout (in million metric tons)

2018/19

2017/18

USDA

July

Average

Range

USDA

June

USDA

July

Average

Range

USDA

June

Wheat

260.88

265.05

262.00-268.00

266.16

273.50

272.46

271.00-274.50

272.37

Corn

151.96

156.27

151.00-163.00

154.69

191.73

191.42

189.50-192.88

192.69

Soybeans

98.27

88.15

85.00-92.00

87.02

96.02

91.76

89.00-93.00

92.49