The US Department of Agriculture on Wednesday published the October edition of its monthly Wasde report.
Below key data in the briefing, and how they differed from the expectations of investors, as polled by Reuters.
Click here for commentary on the report, which sent soybean prices higher but depressed wheat futures.
| USDA forecasts for 2022 US corn, soybean production |
|||
| Crop | USDA forecast |
Difference from June |
Difference from market expectation |
| Corn yield | 171.9 | -0.6 | +0.1 |
| Corn production | 13,895 | -49 | +10 |
| Soybean yield | 49.8 | -0.7 | -0.8 |
| Soybean production | 4,313 | -65 | -68 |
| Area data in thousand acres. Yield data in bushels per acre. Production data in million bushels | |||
| USDA forecasts for US grain stocks, close of 2022-23 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate |
Difference from market expectation |
| Corn | 1,172 | -47 | +48 |
| Soybeans | 200 | unchanged | -48 |
| All wheat | 576 | -34 | +22 |
| Data in million bushels | |||
| USDA forecasts for US grain stocks, close of 2021-22 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate |
Difference from market expectation |
| Corn | 1,252 | -5 | -22 |
| Soybeans | 240 | +15 | +4 |
| Data in million bushels | |||
| USDA forecasts for world grain stocks, close of 2022-23 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate | Difference from market expectation |
| Corn | 301.19 | -3.34 | -0.25 |
| Soybeans | 100.52 | +1.60 | +0.49 |
| All wheat | 267.54 | -1.03 | +0.05 |
| Data in million tonnes | |||
