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

2020/21

USDA

Dec

Average

Range

USDA

Nov

USDA

2019/20

Wheat

0.862

0.874

0.850-0.900

0.877

1.028

Corn

1.702

1.691

1.550-1.775

1.702

1.995

Soybeans

0.175

0.168

0.120-0.190

0.190

0.523

World Grain Carryout (in million metric tons)

2020/21

USDA

Dec

Average

Range

USDA

Nov

USDA

2019/20

Wheat

316.50

321.14

318.50-325.50

320.45

300.62

Corn

288.96

289.26

284.00-293.00

291.43

303.42

Soybeans

85.64

85.11

81.00-86.52

86.52

95.46

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

USDA Dec

2020/21

Average of analysts' estimates

Range of analysts' estimates

USDA Nov

2020/21

USDA

2019/20

ARGENTINA

Corn

49.00

49.25

48.00-50.00

50.00

51.00

Soybeans

50.00

50.41

49.00-51.00

51.00

48.80

BRAZIL

Corn

110.00

109.09

105.00-112.00

110.00

102.00

Soybeans

133.00

132.29

130.00-134.00

133.00

126.00