Trade estimates for USDA November world crop end-stocks
Nov 4 (Reuters) -The following are analysts' estimates ahead of the November crop supply/demand report from the U.S. Department of Agriculture (USDA), which will estimate 2024-25 global ending stocks for wheat, corn and soybeans.
The USDA is scheduled to release the report on Friday, Nov. 8, at 12 p.m. EST (1700 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. For corn and soybeans, the marketing year begins on Sept. 1.
NOTE: All figures are listed in millions of metric tons.
PREDICTING USDA:
Wheat | Corn | Soybeans | |
Average trade estimate | 256.79 | 305.70 | 134.06 |
Highest trade estimate | 258.50 | 308.52 | 135.01 |
Lowest trade estimate | 255.00 | 304.00 | 132.88 |
USDA October | 257.72 | 306.52 | 134.65 |
ADM Investor Services | 258.50 | 305.00 | 135.00 |
AgMarket | 256.50 | 306.00 | 134.30 |
Allendale Inc | 255.60 | 305.12 | 135.01 |
Brugler Marketing | 257.00 | 305.50 | 134.00 |
Linn & Associates | 258.20 | 305.00 | 133.70 |
Marex Capital | 257.00 | 304.00 | 134.00 |
McKeany-Flavell | 255.00 | 304.50 | 133.60 |
Northstar Commodity | 258.00 | 306.00 | 133.00 |
Prime AG | 256.00 | 308.00 | 135.00 |
StoneX Group Inc | 257.36 | 308.52 | 134.23 |
U.S. Commodities | 257.00 | 306.00 | 134.00 |
Zaner Ag Hedge | 255.37 | 304.72 | 132.88 |
ANALYSTS' OWN ESTIMATES:
Wheat | Corn | Soybeans | |
Average trade estimate | 257.06 | 305.02 | 133.41 |
Highest trade estimate | 258.50 | 308.52 | 135.00 |
Lowest trade estimate | 255.37 | 302.11 | 131.50 |
USDA October | 257.72 | 306.52 | 134.65 |
ADM Investor Services | 258.50 | 305.00 | 135.00 |
Linn & Associates | -- | 305.00 | 131.50 |
Steve Freed Consulting | -- | 303.50 | 134.00 |
StoneX Group Inc | 257.36 | 308.52 | 134.23 |
U.S. Commodities | 257.00 | 306.00 | 134.00 |
Zaner Ag Hedge | 255.37 | 302.11 | 131.70 |
Reporting by Anmol Choubey in Bengaluru
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