July 25, 2024

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USDA: This fifth report is the first with estimates that take into account the war and …

USDA: This fifth report is the first with estimates that take into account the war and …

The USDA’s (USDA) monthly supply and demand report on Thursday, May 12 at 1:00 PM (Brasilia time), brings the first forecasts for the 2022/23 crops in the country and more. The countries are in agricultural production and that is why they raise so much concern to the market. According to experts, this is a very important report on price trends, and one that is traditionally much expected.

“This from the USDA will be the first in 2022 to provide a mix of old and new crop estimates, taking into account drought in various regions, the war in Ukraine, and the new planting season underway in the United States,” says Todd Holtman, team leader. International Portal Analyst DTN The Progressive Farmer.

American production

corn Corn production in North America raises some concerns, even under weather conditions that have not been best suited for cultivation since the beginning of the season. The beginning of May was the coldest and wettest month in more than 30 years in the corn belt and could affect the country’s production potential and acreage for cereals.

Thus, the country’s expected harvest varies, between market expectations, between 366.14 and 383.94 million tons, with an average of 375.41 million. A year ago, the United States had 383.94 million.

soy Concerns are also high for soybeans, but not as much for corn at the moment, given the country’s growing window is a bit longer. Thus, forecasts expect between 120.7 and 126.83 million tons, with an average of 125.3 million tons. The 2021/202 crop in the US was 120.7 million.

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wheat The average forecast for wheat was 48.69 million tons in a range of 44.5 to 52.12 million tons. The previous grain season in the United States was 44.8 million tons.

US stocks final

corn Ending US corn stocks in the new crop could be estimated to be somewhere between 25.1 and 41.33 million tons, with median forecasts at 33.15 million.

soy – For soybeans, the expected range of end of 2022/23 stocks is 5.44 to 13.28 million tons, bringing the average to 8.68 million tons.

wheat – The market expects between 15.24 and 19.73 million tons in final stocks for the new harvest with an average of 17.83 million tons.

The ultimate stock world

corn – Global finished wheat stocks in the market are expected to range between 278 and 307.7 million tons, with an average of 295.6 million.

soy As for soybeans, the average numbers were 98 million, ranging between 89.4 and 107.8 million tons.

wheat With regard to wheat, the USDA can indicate final global stocks of grain between 261 and 286.8 million tons with an average of 271.6 million.