The US Department of Agriculture will on Friday reveal the November edition of its monthly Wasde report, giving estimates for world ag supply and demand.

Below expectations of what investors, as polled by Reuters, expect the report to show.

 

Market expectations for USDA forecasts for 2024 US corn, soybean production
Crop Mean forecast Range of forecasts USDA’s existing estimate USDA 2023-24
Corn yield 183.8 182.5-185.0 183.8 177.3
Corn production 15,196 15,075-15,300 15,203 15,342
Soybean yield 52.8 52.0-53.8 53.1 50.6
Soybean production 4,555 4,488-4,640 4,582 4,165
Yield data in bushels per acre. Production data in million bushels

 

Market expectations for USDA estimates of US grain stocks, close of 2024-25
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 1,938 1,828-2,071 1,999
Soybeans 535 475-602 550
All wheat 813 800-837 812
All data in million bushels

 

Market expectations for USDA estimates of world grain stocks, close of 2024-25
Crop Mean forecast Range of forecasts USDA’s existing estimate
USDA 2023-24
Corn 305.5 302.1-308.5 306.5 312.7
Soybeans 133.8 131.5-135.0 134.7 112.4
All wheat 256.9 255.0-258.5 257.7 266.2
All data in million tonnes