USDA WASDE Report Summary

11/07/13 -- The USDA's eagerly awaited raft of important numbers are out. For wheat they left Russian and Indian output unchanged at 54 MMT and 92 MMT respectively, when a drop may have been in order. They did however raise Chinese wheat imports in 2013/14 from 3.5 MMT to 8.5 MMT.

Here's a selection of some of them, with a few more to follow, I'm typing as fast as I can you know, and there's only me.....


USDA 2012/13 Ending Stocks Estimates (million bushels):

Product
USDA
 
Avg Est
Range
USDA Jun
Wheat
718
 
745
743-747
746
Corn
729
 
722
537-773
769
Beans
125
 
121
104-125
125



USDA 2013/14 Ending Stocks Estimates (million bushels):

Product
USDA
 
Avg Est
Range
USDA Jun
Wheat
576
 
624
477-685
659
Corn
1959
 
1874
1618-2076
1949
Beans
295
 
270
166-329
265



South American Crop Production:

 
2013/14
2012/13
Product
USDA
USDA Jun
USDA
USDA Jun
Brazil Soybeans
85.0
85.0
82.0
82.0
Brazil Corn
72.0
72.0
77.0
77.0
Argentina Soybeans
53.5
54.5
50.2
51.0
Argentina Corn
27.0
27.0
26.5
26.5



World Ending Stocks Estimates (MMT):

 
2013/14
2012/13
Product
USDA
USDA Jun
USDA
USDA Jun
Wheat
172.4
181.25
174.5
179.87
Soybeans
74.1
73.69
61.5
61.21
Corn
151.0
151.83
123.6
124.31



USDA 2013/14 US Wheat Production (million bushels):

Product
USDA
Avg Est
Range
USDA June
US All Wheat
2114
2057
1942-2110
2080
All Winter Wheat
1543
1507
1454-1555
1509
HRW Wheat
793
772
730-808
781
SRW Wheat
539
522
478-552
509
White Winter Wheat
200
214
204-220
219