The US Department of Agriculture will on Monday reveal the August 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 estimates of US grain stocks, close of  2023-24
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 1,886 1,825-1,997 1,877
Soybeans 350 332-365 345
All data in million bushels

 

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 harvested area 82.974 82.200-83.450 83.438 86.513
Corn yield 182.1 180.1-184.0 181.0 177.3
Corn production 15,105 14,920-15,275 15,100 15,342
Soybean harvested area 85.116 84.700-85.600 85.261 82.356
Soybean yield 52.6 51.5-53.9 52.0 50.6
Soybean production 4,473 4,380-4,465 4,435 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 2,106 1,897-2,300 2,097
Soybeans 470 380-555 435
All wheat 861 815-889 856
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
Corn 311.5 307.0-315.0 311.6
Soybeans 128.0 125.6-130.5 127.8
All wheat 257.0 253.0-260.0 257.2
All data in million tonnes

 

Market expectations for USDA estimates of US winter wheat harvest, 2024-25
Crop Mean forecast Range of forecasts USDA’s existing estimate
 USDA’s 2023- 24 estimate
Hard red 764 702-788 763 601
Soft red 348 340-406 344 449
White 233 224-240 234 198
Total winter wheat 1,345 1,329-1,364 1,341 1,248
Durum 89 80-95 89 59
Other spring wheat 579 550-595 578 505
All wheat 2,014 1,966-2,033 2,008 1,812
All data in million bushels