November ’16 USDA World Agriculture Supply and Demand Estimates
*Significant changes are highlighted
’15/’16 Corn
- No significant changes
- Production was revised 168 million bushels higher on about a two bushel increase in yield.
- Feed, seed, and industrial usage was bumped up 85 million.
- Ending stocks at 2.4 billion bushels or 60.0 days of use was above average private estimates.
- No significant changes
- Production was revised up an additional 92 million bushels on record yields and above privat estimates.
- Lower crush mostly offset higher export projections.
- Ending stocks at 480 million bushels or 42.7 days of use was above private estimates.
- No significant changes.
- No significant changes.
- Ending stocks at 1,143 million bushels was in line with private estimates.
- World soybean stocks were revised higher due mainly to increases in Argentina and China.
- World wheat ending stocks are increased on reduced usage in Ukraine leaving record stocks are record levels.