The US Department of Agriculture on Thursday 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.
| USDA estimates for 2023 US corn, soybean production |
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| Crop | USDA estimate |
Difference from June |
Difference from market expectation |
| Corn yield | 173.0 | -0.8 | -0.6 |
| Corn production | 15,064 | -70 | -48 |
| Soybean yield | 49.6 | -0.5 | -0.3 |
| Soybean production | 4,104 | -42 | -40 |
| Area data in thousand acres. Yield data in bushels per acre. Production data in million bushels | |||
| USDA forecasts for US grain stocks, close of 2023-24 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate |
Difference from market expectation |
| Corn | 2,111 | -110 | -45 |
| Soybeans | 220 | unchanged | -16 |
| All wheat | 670 | +55 | +19 |
| Data in million bushels | |||
| USDA forecasts for world grain stocks, close of 2023-24 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate | Difference from market expectation |
| Corn | 312.4 | -1.6 | -0.5 |
| Soybeans | 115.6 | -3.7 | -4.0 |
| All wheat | 258.1 | -0.4 | -0.5 |
| Data in million tonnes | |||
