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US Data: US Wheat, Corn, Soybeans Supply And Use>

Data for: September 2017
Source: U.S. Department of Agriculture
                                                   Aug Est      Sep Est    
Wheat                                2016/17       2017/18      2017/18
Area Planted (mln acres)                50.2          45.7         45.7            
Area Harvested (mln acres)              43.9          38.1         38.1            
Yield per Harvested Acre (bushels)      52.6          45.6         45.6                                                                   
Beginning Stocks (mln bushels)           976          1184         1184                                                 
Production                              2310          1739         1739                                                 
Imports                                  118           150          150               
 Supply Total                           3403          3074         3074                                            
Food                                     949           950          950            
Seed                                      61            66           66               
Feed and Residual                        154           150          150            
 Domestic Total                         1164          1166         1166                                           
Exports                                 1055           975          975            
 Use, Total                             2219          2141         2141                                            
Ending Stocks                           1184           933          933          
Average Farm Price ($/bushel)           3.89     4.40-5.20    4.30-4.90                                                           
--                                                                     
                                                   Aug Est      Sep Est    
Corn                                 2016/17       2017/18      2017/18
Area Planted (mln acres)                94.0          90.9         90.9       
Area Harvested (mln acres)              86.7          83.5         83.5       
Yield per Harvested Acre (bushel)      174.6         169.5        169.9                                                 
Beginning Stocks (mln bushels)          1737          2370         2350                                                                        
Production                             15148         14153        14184                                 
Imports                                   55            50           50           
 Supply Total                          16940         16573        16585 
Food and Residual                       5425          5450         5475  
Food, Seed, and Industrial              6870          7000         6925
 Ethanol, by-products                   5435          5500         5475
 Domestic Total                        12295         12450        12400
Exports                                 2295          1850         1850
 Use, Total                            14590         14300        14250
Ending Stocks                           2350          2273         2335
Average Farm Price ($/bushel)           3.35     2.90-3.70    2.80-3.60
--                                                                     
                                                   Aug Est      Sep Est    
Soybeans                             2016/17       2017/18      2017/18
Area Planted (mln acres)                83.4          89.5         89.5       
Area Harvested (mln acres)              82.7          88.7         88.7       
Yield per Harvested Acre (bushels)      52.1          49.4         49.9                                
Beginning Stocks (mln bushels)           197           370          345                                                                              
Production                              4307          4381         4431                                         
Imports                                   25            25           25             
 Supply Total                           4528          4777         4801    
Crushings                               1895          1940         1940      
Exports                                 2170          2225         2250    
Seed                                     104           101          101             
Residual                                  14            35           35             
 Use, Total                             4183          4301         4326    
Ending Stocks                            345           475          475          
Average Farm Price ($/bushel)           9.50    8.45-10.15   8.35-10.05
--
                                        2016          2017         2018
All Milk Prices ($ per cwt)            16.30   17.70-17.90  17.55-18.55
     ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MTABLE$,M$U$$$,MAUDA$,MAUDT$]                   

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