US wheat production (in billions of bushels)

July

USDA

2021/22

Average

Range

June

USDA

2021/22

USDA

2020/21

All Wheat

1.746

1.847

1.724-1.947

1.898

1.826

All Winter Wheat

1.364

1.331

1.256-1.372

1.309

1.171

Hard Red Winter

0.805

0.786

0.725-0.826

0.771

0.659

Soft Red Winter

0.362

0.340

0.286-0.365

0.335

0.266

White Winter Wheat

0.198

0.205

0.170-0.250

0.202

0.246

Other spring

0.345

0.459

0.358-0.560

-

0.586

Durum

0.037

0.056

0.044-0.066

-

0.069

USDA 2021/22 US corn and soybean production

USDA July

2021/22

Average

Range

USDA June

2021/22

USDA

2020/21

Corn production

15.165

15.115

14.863-15.275

14.990

14.182

Corn yield

179.5

178.8

177.0-179.5

179.5

172.0

Soy production

4.405

4.394

4.335-4.405

4.405

4.135

Soy yield

50.8

50.7

50.0-50.8

50.8

50.2

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

2021/22

2020/21

USDA

July

Average

Range

USDA

June

USDA

July

Average

Range

USDA

June

Wheat

0.665

0.729

0.575-0.809

0.770

0.852

0.869

0.832-0.901

0.852

Corn

1.432

1.402

1.057-1.542

1.357

1.082

1.088

1.000-1.257

1.107

Soybeans

0.155

0.148

0.120-0.165

0.155

0.135

0.134

0.120-0.149

0.135

World Grain Carryout (in million metric tons)

2021/22

2020/21

USDA

July

Average

Range

USDA

June

USDA

July

Average

Range

USDA

June

Wheat

291.68

295.41

292.00-300.00

296.80

290.18

293.48

291.50-295.00

293.48

Corn

291.18

288.97

284.40-295.00

289.41

279.86

279.76

276.00-284.00

280.60

Soybeans

94.49

92.57

91.10-93.50

92.55

91.49

87.62

86.55-88.71

88.00

South American corn and soy production, in million metric tons:

USDA June

2020/21

Average of analysts' estimates

Range of analysts' estimates

USDA June

2020/21

USDA

2019/20

ARGENTINA

Corn

48.50

47.46

47.00-48.00

47.00

51.00

Soybeans

46.50

46.61

45.00-48.00

47.00

48.80

BRAZIL

Corn

93.00

92.21

87.90-97.00

98.50

102.00

Soybeans

137.00

136.76

134.00-138.00

137.00

128.50