The US Department of Agriculture on Friday published the November 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
| USDA forecasts for US crop production, 2024-25 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate |
Difference from market expectation |
| Corn yield | 183.1 | -0.7 | 0.7 |
| Corn production | 15,143 | -60 | -53 |
| Soybean yield | 51.7 | -1.4 | -1.1 |
| Soybean production | 4,461 | -121 | -94 |
| Data in million bushels | |||
| USDA forecasts for US grain stocks, close of 2024-25 |
|||
| Crop | USDA forecast |
Difference from February Outlook Forum | Difference from market expectation |
| Corn | 1,938 | -61 | in line |
| Soybeans | 470 | -80 | -65 |
| All wheat | 815 | +3 | +2 |
| Data in million bushels | |||
| USDA forecasts for world grain stocks, close of 2024-25 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate | Difference from market expectation |
| Corn | |||
| Soybeans | |||
| All wheat | |||
| Data in million tonnes | |||
