February 9th USDA Crop Report Estimates

Below are the February 9th USDA Crop Report Estimates.

USDA 2016/17 U.S. Carryout (in billion bushels)

USDA Feb 2017 Average Trade Est. INTL FCS Estimate Range of Trade Est. USDA Jan 2017
Corn 2.335 2.415 2.280-2.415 2.355
Soybeans 0.410 0.388 0.386-0.448 0.420
Wheat 1.180 1.145 1.145-1.211 1.186

Global 2016/17 Carryout (in million tonnes) 

USDA Feb 2017 Average Trade Est. INTL FCS Estimate Range of Trade Est. USDA Jan 2017
Corn 220.43 225.10 218.0-225.1 220.98
Soybeans 80.93 78.90 78.9-82.5 82.32
Wheat 253.13 253.80 242.0-254.7 253.29

South American Production 2016/17 (in million tonnes) 

USDA Feb 2017 Average Trade Est. INTL FCS Estimate Range of Trade Est. USDA Jan 2017
ARG Corn 35.78 34.00 34.0-36.5 36.50
ARG Soy 54.54 54.00 52.2-56.0 57.00
BRZ Corn 87.05 91.50 82.2-91.5 86.50
BRZ Soy 104.08 104.10 103.25-105.00 104.00