October 21, 2014

October ’14 WASDE Report

October 10th, 2014

 

October 10, 2014 USDA Supply & Demand Report – Recap
US Yields 14/15
September USDA Avg. Estimate October USDA
Corn 171.7 174.7 174.2
Soybeans 46.6 47.6 47.1
US Harvested Acres 14/15
Corn 83.8 83.2 83.1
Soybeans 84.1 83.6 83.4
US Production 14/15
Corn 14.395 14.506 14.475
Soybeans 3.913 3.976 3.927
US Ending Stocks 14/15
Corn 2.002 2.130 2.081
Soybeans .475 .472 .450
Wheat .698 .704 .654
World Ending Stocks 14/15
Corn 189.910 192.020 190.58
Soybeans 90.170 90.760 90.67
Wheat 196.380 196.380 192.59

 

Estimates Summary

Corn – Old crop stocks are revised to the September 30 Grain Stocks level. A 325,000 decrease in planted acreage was made (91.316 million now) for 2014/15. Harvested acreage is 267,000 lower than September USDA (83.572). Yields have been increased to 175.5 for this report.

Soybeans – Old crop stocks are revised to the September 30 Grain Stocks report. A 502,000 decrease in planted acreage was made (84.337 million now). Harvested is lowered by 480,000 to 83.578 million. Yields have been increased to 48.0 for this report. Despite an increase in new crop production of 102 million we have lower ending stocks due to smaller 2013/14 ending stocks and greater new crop demand than USDA September.

Wheat – Production has been revised to the September 30 Small Grains Summary report.

Full Estimates

Supply & Demand, to be RELEASED ON 10/10/14

PRODUCTION           13/14   14/15       14/15
In million bushels    USDA    USDA   Allendale
Corn                 13925   14395       14667
Soybeans              3358    3913        4015
All Wheat             2135    2035        2035
Other Spring           534     561         561
Durum                   58      57          57
Winter                1543    1378        1378
HRW                    747     738         738
SRW                    568     455         455
WW                     227     184         184

US ENDING STOCKS           USDA    ALDL    USDA    ALDL
in million bushels        13/14   13/14   14/15   14/15
US Corn                    1181    1236    2002    2218
US Beans                    130      92     475     464
US Wheat                    590     590     698     700

WORLD ENDING STOCKS        USDA    ALDL    USDA    ALDL
in million metric tonnes  13/14   13/14   14/15   14/15
World Corn               173.08  172.62  189.91  193.55
World Soybeans            66.91   66.72   90.17   89.88
World Wheat              186.45  186.50  196.38  196.45

Any questions regarding the estimates or the actual outcome of the report may direct them to Rich Nelson at 800-262-7538.

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