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

2019/20

USDA

Jan

Average

Range

2019/20

USDA

Dec

2018/19

USDA

Jan

Wheat

0.965

0.969

0.930-1.000

0.974

1.080

Corn

1.892

1.757

1.537-1.915

1.910

2.221

Soybeans

0.475

0.424

0.310-0.490

0.475

0.909

World Grain Carryout (in million metric tons)

2019/20

USDA

Jan

Average

Range

2019/20

USDA

Dec

2018/19

USDA

Jan

Wheat

288.08

287.32

278.20-290.00

289.50

278.06

Corn

297.81

296.61

290.50-301.70

300.56

320.39

Soybeans

96.67

95.23

91.70-97.50

96.40

110.28

USDA US Final 2019/20 Crop Production (in billion bushels)

2019/20 Jan

Average

Range

2019/20 Dec

2018/19 Final

Corn

13.692

13.513

13.217-13.701

13.661

14.340

Soybeans

3.558

3.512

3.463-3.560

3.550

4.428

Wheat

1.920

-

-

1.920

1.885

USDA US Final 2019/20 Harvested Acres (in million acres)

2019/20 Jan

Average

Range

2019/20 Dec

2018/19 Final

Corn

81.50

81.350

80.100-81.953

81.800

81.300

Soybeans

75.00

75.462

74.500-76.000

75.600

87.600

Wheat

37.20

-

-

37.200

39.600

USDA US Final 2019/20 Yield (in bushels per acre)

2019/20 Jan

Average

Range

2019/20 Dec

2018/19 Final

Corn

168.0

166.2

164.8-168.5

167.0

176.4

Soybeans

47.4

46.6

46.0-47.2

46.9

50.6

Wheat

51.7

-

-

51.7

47.6

USDA 2020/21 US Winter Wheat Seedings (in million acres)

2020/21 Seedings

Average

Range

2019/20 Seedings

All Wheat

-

-

-

45.158

All Winter Wheat

30.804

30.664

29.900-32.180

31.159

Other Spring Wheat

-

-

-

12.660

Durum

-

-

-

1.339

Hard Red Winter Wheat

21.80

22.086

21.400-23.090

22.458

Soft Red Winter Wheat

5.64

5.118

4.600-5.557

5.201

White Winter Wheat

3.37

3.490

3.400-3.600

3.500

US Grain Stocks as of December 1, 2019 (in billion bushels)

Dec 1, 2019

Average

Range

Sep 1, 2019

Dec 1, 2018

Corn

11.389

11.511

11.290-11.690

2.221

11.937

Soybeans

3.252

3.186

3.023-3.379

0.909

3.746

Wheat

1.834

1.917

1.806-2.010

2.346

2.009

South American corn and soy production, in millions of tonnes:

USDA Jan

2019/20

Average of analysts' estimates

Range of analysts' estimates

USDA Dec

2019/20

USDA Jan

2018/19

ARGENTINA

Corn

50.00

49.59

48.00-50.0

50.00

51.00

Soybeans

53.00

52.78

52.00-53.00

53.00

55.30

BRAZIL

Corn

101.00

100.63

99.00-101.20

101.00

101.00

Soybeans

123.00

123.02

121.76-124.00

123.00

117.00