US wheat production (in billions of bushels)

USDA

2021/22

May

Average

Range

USDA

2020/21

All Wheat

1.872

1.871

1.769-1.976

1.826

All Winter Wheat

1.283

1.256

1.100-1.374

1.171

Hard Red Winter

0.731

0.711

0.640-0.784

0.659

Soft Red Winter

0.332

0.311

0.270-0.354

0.266

White Winter Wheat

0.220

0.232

0.185-0.265

0.246

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

2021/22

2020/21

USDA

May

Average

Range

USDA

May

Average

Range

USDA

April

Wheat

0.774

0.730

0.644-0.837

0.872

0.846

0.827-0.862

0.852

Corn

1.507

1.344

1.100-1.622

1.257

1.275

1.135-1.361

1.352

Soybeans

0.140

0.138

0.110-0.230

0.120

0.117

0.105-0.120

0.120

World Grain Carryout (in million metric tons)

2021/22

2020/21

USDA

May

Average

Range

USDA

May

Average

Range

USDA

April

Wheat

294.96

294.29

283.68-302.80

294.67

295.38

293.00-302.00

295.52

Corn

292.30

283.06

269.30-295.08

283.53

279.47

275.00-285.34

283.85

Soybeans

91.10

88.12

78.73-94.00

86.55

86.53

84.63-87.90

86.87

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

USDA May

2020/21

Average of analysts' estimates

Range of analysts' estimates

USDA April

2020/21

USDA

2019/20

ARGENTINA

Corn

47.00

46.92

46.00-49.00

47.00

51.00

Soybeans

47.00

46.85

44.50-48.00

47.50

48.80

BRAZIL

Corn

102.00

103.05

100.00-106.50

109.00

102.00

Soybeans

136.00

136.05

134.50-138.00

136.00

128.50