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12

December USDA Supply & Demand

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2017-18 USDA U.S. Grain Carryout (bln bu)
 
USDA Dec
2017-18
Average Trade Est.
Range of
Trade Est.
USDA Nov
2017-18
Corn
2.437
2.478
2.394-2.517
2.487
Soybeans
0.445
0.438
0.425-0.486
0.425
Wheat
0.960
0.938
0.925-0.960
0.935

 

2017-18 USDA World Grain Carryout (million tons)
 
USDA Dec
2017-18
Average Trade Est.
Range of
Trade Est.
USDA Nov
2017-18
Corn
204.08
202.72
195.70-205.00
203.86
Soybeans
98.32
97.82
95.20-99.00
97.90
Wheat
268.42
267.07
264.00-270.00
267.53

 

2017-18 USDA South American Production (million tons)
 
USDA Dec
2017-18
Average Trade Est.
Range of
Trade Est.
USDA Nov
2017-18
ARG Corn
42.00
41.77
35.0-37.0
42.0
ARG Soy
57.00
56.52
54.0-57.0
57.0
BRZ Corn
95.00
93.26
83.5-91.1
95.0
BRZ Soy
108.00
108.21
101.7-103.0
108.0
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These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. This commentary is written as a daily marketing tool to help farmers sell the grain they raise. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Past performance and testimonials are not necessarily indicative of future results. Commodity trading involves the risk of loss, and you should fully understand those risks before trading.