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WASDE Report



WASDE Report


The July 2020 WASDE Report was released July 10, 2020 

Corn
For 2019/20 United States Carryout, the report estimated corn carryout would be 2.248 billion bushels (up from the 2.103 billion bushels recorded in the June WASDE).  The average pre-report estimate of analysts was 2.277 billion bushels.  The previous year (2018/19) the corn carryout was 2.2211 billion bushels.

For 2019/20 World Carryout, the report estimated corn carryout would be 311.95 million metric tons (up from the 312.9 million metric tonnes recorded in the June WASDE).  The average pre-report estimate of analysts was 315.1 million metric tons.  The precious year (2018/19) World carryout was 320.1 million metric tons.

For 2019/20 South American Production, the report estimated Brazilian Corn production at 101 million metric tons (unchanged from the June 2020 WASDE estimate).  There was not a pre-report estimate of analysts.  The report estimated Argentina Corn production at 50 million metric tons (unchanged from the June 2020 WASDE estimate).  There was not a pre-report estimate of analysts.

Soybeans
For 2019/20 United States Carryout, the report estimated soybean carryout would be 0.62 billion bushels (up from the 0.585 million metric tonnes recorded in the June WASDE).  The average pre-report estimate of analysts was 0.584 billion bushels.  The previous year (2018/19) the soybean carryout was 0.909 billion bushels.

For 2019/20 World Carryout, the report estimated soybeans carryout would be 99.67  million metric tons (up from the 99.2 million metric tons recorded in the June WASDE).  The average pre-report estimate of analysts was 99.4 million metric tons.  The previous year (2018/19), the World carryout was 112.7 million metric tons.

For 2019/20 South American Production, the report estimated Brazilian Soybean production at 126 million metric tons (up from the 124 million metric tons recorded in the June WASDE).  There was not a pre-report estimate of analysts..  The report estimated Argentina Soybean production at 50 million metric tons (unchanged from the June WASDE).  There was not a pre-report estimate of analysts. 
 
Wheat
For 2019/20 United States Carryout, the report estimated wheat carryout would be 1.044 billion bushels (up from the 0.983 billion bushels recorded in June WASDE).  There was not a pre-report estimate of analysts.  The previous year (2018/19) the wheat carryout was 1.08 billion bushels. 

For 2019/20 World Carryout, the report estimated wheat carryout is 297.12 million metric tons (up from the 295.8 million metric tons recorded in the June WASDE).  The average pre-report estimate of analysts was for 297.3 million metric tons. The previous year (2018/19) the World Carryout was 279.8 million metric tons.