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Below is a summary of the January 10th USDA Crop Production, Grain Stocks, Supply & Demand, and Winter Wheat Seedings reports are below. Keep watching this page for reaction to the reports shortly after the numbers are released.
Plus, don't miss our 2014 grain outlooks, price projections, and trade strategies later this month.
|U.S. Grain Ending Stocks (billion bushels)
|USDA 2012/13||USDA Dec 13/14||Avg Jan Estimate||USDA Jan 13/14|
|U.S. Crop Production|
|USDA 2012/13||USDA Dec 2013||Avg Jan Estimate||USDA Jan 2014|
|Quarterly Grain Stocks (December 1st)
|USDA 12/1/2012||Avg Jan Estimate||USDA Jan 2014|
|Winter Wheat Seedings (million acres)
|USDA 2012/13||Avg Jan Estimate||USDA Jan 2014|
|World Ending Stocks (million tonnes)
|USDA 2012/13||USDA DEC 13/14||USDA Jan 13/14|
|*Source: USDA Data Released 01/10/2014|
Previous post, including Allendale Estimates:
On Friday, January 10th the USDA will release four major reports: Crop Production, Quarterly Grain Stocks, Supply and Demand, and Winter Wheat Seedings. These reports will be released at 11AM Central Time. Here are Allendale's thoughts and estimates for each report. Check back with us on Friday after the reports for results and reactions.
What influence will these reports have on our yearly price outlooks and strategies heading into planting? Register for the Allendale Ag Leaders Conference to find out.
Corn – Stocks build due to production increases and feed/use and ethanol decreases. Argentina corn is lowered 1 mt to 25 mt. Brazil is lowered 0.5 mt to 69.5 mt.
Soybeans – US exports are increased. Argentina is increased by 0.5 mt to 55. Brazil is increased by 1 to 89 mt.
Wheat – Winter wheat plantings will increase 1.5 million. Spring wheat will also see an acreage on the March report. McHenry, IL, Friday, January 3, 2014
These USDA reports are scheduled for release on 1/10/14ANNUAL PRODUCTION USDA USDA-Dec ALDL Actual million bushels 12/13 13/14 13/14 01/10/13 Corn 10780 13989 14083 Soybeans 3034 3258 3251 YIELDS USDA USDA-Dec ALDL Actual per bushel 12/13 13/14 13/14 01/10/13 Corn 123.38 160.36 161.44 Soybeans 39.83 43.04 42.95 US ENDING STOCKS USDA USDA-Dec ALDL Actual million bushels 12/13 13/14 13/14 01/10/13 US Corn 824 1792 1902 US Beans 141 150 132 US Wheat 718 575 559 WORLD ENDING STOCKS USDA USDA-Dec ALDL Actual million tonnes 12/13 13/14 13/14 01/10/13 World Corn 134.90 162.46 163.77 World Soybeans 60.18 70.62 71.96 World Wheat 175.83 182.78 181.56 QTRLY GRAIN STOCKS USDA USDA-Sep ALDL Actual million bushels Dec 1, 2012 Sep 1, 2013 Dec 1, 2013 01/10/13 Corn 8003 824 10900 Beans 1966 141 2171 Wheat 1671 1855 1306 WINTER WHEAT SEEDINGS USDA USDA-Dec ALDL Actual million acres 12/13 13/14 13/14 01/10/13 All Winter 43.090 44.593 HRW 29.571 30.517 SRW 10.019 10.400 White 3.500 3.676