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08

February USDA Supply & Demand

posted on

Released at 11am cst.

 

2017-18 USDA U.S. Grain Carryout (bln bu)
 
USDA Feb
2017-18
Average Trade Est.
Range of
Trade Est.
USDA Jan
2017-18
Corn
2.352
2.468
2.425-2.550
2.477
Soybeans
0.530
0.486
0.460-0.535
0.470
Wheat
1.009
0.990
0.974-1.014
0.989

 

2017-18 USDA World Grain Carryout (million tons)
 
USDA Feb
2017-18
Average Trade Est.
Range of
Trade Est.
USDA Jan
2017-18
Corn
 203.09
204.66
198.90-208.00
206.57
Soybeans
 98.14
98.61
97.00-100.50
93.57
Wheat
 266.10
267.80
265.00-269.71
268.02

 

2017-18 USDA South American Production (million tons)
 
USDA
Feb 2018
Average Trade Est.
Range of
Trade Est.
USDA
Jan 2018
ARG Corn
 39.0
40.7
40.0-42.0
42.0
ARG Soy
 54.0
54.1
52.0-56.0
56.0
BRZ Corn
 95.0
93.7
87.1-95.5
95.0
BRZ Soy
 112.0
111.2
111.0-112.5
110.0
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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.