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WASDE Report

WASDE Report
The August 2019 WASDE Report was released August 12, 2019 

Corn
The report revealed that for corn old crop (2018/19) carryout, the USDA recorded 2.36 billion bushels of corn stocks in the U.S.   That compared to trade expectations of 2.392 billion bushels. 

For 2019/20 yields, the report estimated corn yield would be 169.5 bushels per acre.  This compares to trade expectations of 164.8 bushels per acre.

For 2019/20 production, the report estimates that total corn production will be 13.901 billion bushels.  This compares to trade expectations of 13.193 billion bushels. 

For corn new crop (2019/20) carryout, the USDA estimated 2.181 billion bushels of corn stocks in the U.S.  That compared to trade estimates of 1.62 billion bushels. 

Soybeans
The report revealed that for soybean old crop (2018/19) carryout, the USDA recorded 1.07 billion bushels of soybean stocks in the U.S.  That compares to trade expectations of 1.065 billion bushels.

For 2019/20 yields, the report estimated soybean yield would be 48.5 bushels per acre.  This compares to trade expectations of 47.6 bushels per acre.

For 2019/20 production, the report estimates that total soybean production will be 3.68 billion bushels.  This compares to trade expectations of 3.8 billion bushels. 

For soybean new crop (2019/20) carryout, the USDA estimated 0.755 billion bushels of soybean stocks in the U.S.  That compared to trade estimations of 0.821 billion bushels. 

Wheat
The report revealed that for wheat old crop (2018/19) carryout, the USDA recorded 1.072 billion bushels of wheat stocks in the U.S.  There was not a published trade estimate of this number before the report.

For 2019/20 yields, the report estimated wheat yield would be 51.6 bushels per acre.  There was not a published trade estimate of this number before the report.

For 2019/20 production, the report estimates that total wheat production will be 1.98 billion bushels.  There was not a published trade estimate of this number before the report.

For wheat new crop (2019/20) carryout, the USDA estimates 1.0014 billion bushels of wheat stocks in the U.S.  That compared to trade estimates of 0.999 billion bushels.