US corn and soybean production (in billions of bushels; bushels per acre)

USDA July

2020/21

Average

Range

USDA June

2020/21

USDA

2019/20

Corn production

15.000

15.036

14.932-15.296

15.995

13.617

Corn yield

178.5

178.5

176.4-180.5

178.5

167.4

Soy production

4.135

4.152

4.123-4.382

4.125

3.552

Soy yield

49.8

50.0

48.8-52.8

49.8

47.4

US wheat production (in billions of bushels)

USDA

2020/21

July

Average

Range

USDA

2020/21

June

USDA

2019/20

All Wheat

1.824

1.848

1.816-1.885

1.877

1.920

All Winter Wheat

1.218

1.247

1.223-1.285

1.266

1.304

Hard Red Winter

0.710

0.732

0.710-0.760

0.743

0.833

Soft Red Winter

0.280

0.290

0.269-0.298

0.297

0.239

White Winter Wheat

0.227

0.225

0.224-0.227

0.225

0.232

Other spring

0.550

0.546

0.529-0.562

-

0.562

Durum

0.056

0.058

0.052-0.065

-

0.054

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

2020/21

2019/20

USDA

July

Average

Range

USDA

June

USDA

July

Average

Range

USDA

June

Wheat

0.942

0.948

0.825-1.006

0.925

1.044

-

-

0.983

Corn

2.648

2.683

2.400-3.010

3.323

2.248

2.277

2.166-2.403

2.103

Soybeans

0.425

0.416

0.355-0.572

0.395

0.620

0.584

0.560-0.635

0.585

World Grain Carryout (in million metric tons)

2020/21

2019/20

USDA

July

Average

Range

USDA

June

USDA

July

Average

Range

USDA

June

Wheat

314.84

315.89

311.83-318.50

316.09

297.12

297.30

296.00-298.50

295.84

Corn

315.04

324.84

310.00-339.00

337.87

311.95

315.07

311.77-320.50

312.91

Soybeans

95.08

96.71

94.70-99.40

96.34

99.67

99.35

98.00-101.00

99.19