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

Data for: November 2017
Source: U.S. Department of Agriculture
                                                   Oct Est      Nov Est    
Wheat                                2016/17       2017/18      2017/18
Area Planted (mln acres)                50.1          46.0         46.0              
Area Harvested (mln acres)              43.9          37.6         37.6              
Yield per Harvested Acre (bushels)      52.7          46.3         46.3                                                                                               
Beginning Stocks (mln bushels)           976          1181         1181                                                                       
Production                              2309          1741         1741                                                   
Imports                                  118           150          150                 
 Supply Total                           3402          3071         3071                                              
Food                                     949           950          950          
Seed                                      61            66           66             
Feed and Residual                        156           120          120          
 Domestic Total                         1167          1136         1136                                         
Exports                                 1055           975         1000        
 Use, Total                             2222          2111         2136                                        
Ending Stocks                           1181           960          935                                       
Average Farm Price ($/bushel)           3.89     4.40-4.80    4.40-4.80                                                   
--                                                                     
                                                   Oct Est      Nov Est    
Corn                                 2016/17       2017/18      2017/18
Area Planted (mln acres)                94.0          90.4         90.4        
Area Harvested (mln acres)              86.7          83.1         83.1        
Yield per Harvested Acre (bushel)      174.6         171.8        175.4                                                                             
Beginning Stocks (mln bushels)          1737          2295         2295                                                                                               
Production                             15148         14280        14578                                    
Imports                                   57            50           50              
 Supply Total                          16942         16625        16922    
Food and Residual                       5463          5500         5575     
Food, Seed, and Industrial              6891          6935         6935    
 Ethanol, by-products                   5439          5475         5475    
 Domestic Total                        12354         12435        12510    
Exports                                 2293          1850         1925    
 Use, Total                            14647         14285        14435    
Ending Stocks                           2295          2340         2487 
Average Farm Price ($/bushel)           3.36     2.80-3.60    2.80-3.60
--                                                                    
                                                   Oct Est      Nov Est    
Soybeans                             2016/17       2017/18      2017/18
Area Planted (mln acres)                83.4          90.2         90.2       
Area Harvested (mln acres)              82.7          89.5         89.5       
Yield per Harvested Acre (bushels)      52.0          49.5         49.5                                                       
Beginning Stocks (mln bushels)           197           301          301                                                                                                                 
Production                              4296          4431         4425                                                            
Imports                                   22            25           25             
 Supply Total                           4515          4757         4752    
Crushings                               1899          1940         1940       
Exports                                 2174          2250         2250    
Seed                                     105           101          101             
Residual                                  36            35           35             
 Use, Total                             4214          4326         4326                                     
Ending Stocks                            301           430          425        
Average Farm Price ($/bushel)           9.47    8.35-10.05   8.45-10.15 
--
                                        2016          2017         2018
All Milk Prices ($ per cwt)            16.30   17.65-17.75  16.90-17.80
     ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MTABLE$,M$U$$$,MAUDA$,MAUDT$]                   

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