Trade estimates for USDA October US grain end-stocks
Oct 7 (Reuters) -The following are analysts' estimates ahead of the October crop supply/demand report from the U.S. Department of Agriculture (USDA), which will estimate U.S. 2024-25 ending stocks for wheat, corn and soybeans.
The USDA is scheduled to release the report on Friday, Oct. 11, at 12 p.m. EDT (1600 GMT).
Reuters surveys analysts for their expectations of what the USDA will report, and for the analysts' own estimates. Reuters publishes these sets of numbers separately.
The marketing year for wheat begins on June 1 and ends on May 31. For corn and soybeans, the marketing year begins on Sept. 1 and ends on Aug. 31.
NOTE: All figures listed in billions of bushels.
PREDICTING USDA:
Wheat | Corn | Soybeans | |
Average trade estimate | 0.819 | 1.962 | 0.549 |
Highest trade estimate | 0.843 | 2.100 | 0.660 |
Lowest trade estimate | 0.788 | 1.835 | 0.486 |
USDA September | 0.828 | 2.057 | 0.550 |
ADM Investor Services | 0.797 | 1.940 | 0.560 |
AgriSompo | 0.843 | 1.997 | 0.510 |
Allendale Inc | 0.808 | 2.002 | 0.553 |
Brugler Marketing | 0.810 | 1.990 | 0.525 |
CHS Hedging | 0.842 | 2.089 | 0.567 |
Doane Advisory Services | 0.830 | 1.940 | 0.585 |
Grain Cycles | 0.788 | 1.933 | 0.533 |
Grain Service Corp | 0.817 | 2.022 | 0.566 |
Linn & Associates | 0.810 | 1.982 | 0.537 |
Marex Capital | 0.818 | 2.100 | 0.610 |
McKeany-Flavell | 0.835 | 2.000 | 0.560 |
Midland Research | 0.809 | 1.922 | 0.526 |
Prime AG | 0.817 | 2.065 | 0.540 |
Sid Love Consulting | 0.817 | 1.908 | 0.547 |
StoneX Group Inc | 0.831 | 1.862 | 0.660 |
U.S. Commodities | 0.805 | 1.859 | 0.500 |
Vantage RM | 0.828 | 1.835 | 0.516 |
Zaner Ag Hedge | 0.835 | 1.872 | 0.486 |
ANALYSTS' OWN ESTIMATES:
Wheat | Corn | Soybeans | |
Average trade estimate | 0.820 | 1.908 | 0.543 |
Highest trade estimate | 0.850 | 2.010 | 0.660 |
Lowest trade estimate | 0.790 | 1.859 | 0.498 |
USDA September | 0.828 | 2.057 | 0.550 |
ADM Investor Services | 0.797 | 1.940 | 0.560 |
AgriSompo | 0.850 | 2.010 | 0.515 |
Linn & Associates | 0.835 | 1.875 | 0.498 |
R.J. O'Brien | 0.819 | 1.860 | 0.543 |
Risk Management Commodities | 0.815 | 1.935 | 0.535 |
StoneX Group Inc | 0.831 | 1.862 | 0.660 |
U.S. Commodities | 0.805 | 1.859 | 0.500 |
Vantage RM | 0.790 | 1.895 | 0.530 |
Zaner Ag Hedge | 0.840 | 1.940 | 0.546 |
Reporting by Anmol Choubey in Bengaluru; Editing by Shreya Biswas
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