Trade estimates for USDA US quarterly grain stocks
Sept 24 (Reuters) -The U.S. Department of Agriculture will release its quarterly U.S. grain stocks report at 12 p.m. EDT (1600 GMT) on Monday, Sept. 30.
The table shows analysts' estimates for U.S. quarterly grain stocks as of Sept. 1.
The average estimate for Sept. 1 corn stocks, at 1.844 billion bushels, would represent a four-year high, up 35.6% from a year earlier, and above the 1.812 billion bushels the USDA projected in its last monthly supply/demand report on Sept. 12. WASDE06
For soybeans, the average estimate of 351 million bushels would also be a four-year high, up 32.9% from the prior year. The figure is above the 340 million bushels that the USDA projected on Sept. 12. WASDE09
For wheat, the average estimate of 1.973 billion bushels would be a four-year high, up 11.7% from 1.767 billion on Sept. 1, 2023.
All figures in billions of bushels:
Wheat | Corn | Soybeans | |
Average trade estimates | 1.973 | 1.844 | 0.351 |
Highest trade estimates | 2.090 | 2.017 | 0.443 |
Lowest trade estimates | 1.794 | 1.655 | 0.323 |
USDA June 1, 2024 | 0.702 | 4.993 | 0.970 |
USDA Sept. 1, 2023 | 1.767 | 1.360 | 0.264 |
ADM Investor Services | 2.010 | 1.835 | 0.350 |
AgriSompo | 1.794 | 1.943 | 0.443 |
Allendale Inc | 2.015 | 1.822 | 0.359 |
Brock Associates | 2.005 | 1.864 | 0.326 |
Brugler Marketing | 2.035 | 1.830 | 0.345 |
Doane Advisory Services | 1.985 | 1.809 | 0.323 |
Futures International | 1.822 | 1.655 | 0.327 |
Grain Service Corp | 2.013 | 1.886 | 0.350 |
Linn & Associates | 2.090 | 1.907 | 0.342 |
Marex Capital | 1.800 | 1.850 | 0.350 |
McKeany-Flavell | 1.900 | 1.832 | 0.357 |
Midland Research | 1.974 | 1.842 | 0.355 |
Northstar Commodity | 2.015 | 1.843 | 0.360 |
R.J. O'Brien | 2.035 | 1.842 | 0.353 |
Sid Love Consulting | 2.048 | 2.017 | 0.325 |
StoneX Group Inc | 2.020 | 1.869 | 0.355 |
Vantage RM | 2.060 | 1.790 | 0.345 |
Zaner Ag Hedge | 1.897 | 1.754 | 0.351 |
Reporting by Anmol Choubey in Bengaluru; Editing by Lisa Shumaker
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