July WASDE snapshot

Markets continue downward trade on upward revisions in July WASDE.

Grain-Pile.jpg
Grain-Pile.jpg

U.S. Winter Wheat Production

All wheat – billion bu.

USDA

1.781

Average est.

1.745

USDA June proj.

1.737

USDA 2021

1.646

Winter wheat – billion bu.

USDA

1.201

Average est.

1.186

USDA June

1.182

USDA 2021

1.277

HRW wheat – million bu.

USDA

585

Average est.

583

USDA June

582

USDA 2021

749

SRW wheat – million bu.

USDA

376

Average est.

362

USDA June

358

USDA 2021

361

White winter wheat – million bu.

USDA

240

Average est.

241

USDA June

242

USDA 2021

167

Other spring wheat – million bu.

USDA

503

Average est.

458

USDA June

NA

USDA 2021

331

Durum wheat – million bu.

USDA

77

Average est.

63

USDA June

NA

USDA 2021

37

U.S. Carryover

Corn – billion bushels

2021-22

2022-23

USDA

1.510

1.470

Average est.

1.488

1.442

USDA June

1.485

1.400

Soybeans – million bushels

2021-22

2022-23

USDA

215

230

Average est.

208

211

USDA June

205

280

Wheat – million bushels

2021-22

2022-23

USDA

660

639

Average est.

660

638

USDA June

655

627

Cotton – million bales

2021-22

2022-23

USDA

3.40

2.40

Average est.

NA

2.87

USDA June

3.40

2.90

Global Carryover

Corn – MMT

2021-22

2022-23

USDA

312.28

312.94

Average est.

311.32

310.49

USDA June

309.39

305.13

Soybeans – MMT

2021-22

2022-23

USDA

88.73

99.61

Average est.

86.43

99.37

USDA June

85.24

99.60

Wheat – MMT

2021-22

2022-23

USDA

280.1

267.52

Average est.

279.27

266.26

USDA June

279.72

267.02

Cotton – million bales

2021-22

2022-23

USDA

84.04

84.26

Average est.

NA

82.45

USDA June

82.95

82.77

Global Production Highlights

Corn – MMT

2021-22
July (June)

2022-23

July (June)

Argentina

53.00 (53.00)

55.00 (55.00)

Brazil

116.00 (116.00)

126.00 (126.00)

South Africa

16.30 (16.30)

17.30 (17.30)

Ukraine

42.13 (42.13)

25.00 (25.00)

China

272.55 (272.55)

271.00 (271.00)

Soybeans – MMT

2021-22
July (June)

2022-23

July (June)

Argentina

44.00 (43.40)

51.00 (51.00)

Brazil

126.00 (126.00)

149.00 (149.00)

Paraguay

4.20 (4.20)

10.00 (10.00)

Wheat – MMT

2021-22
July (June)

2022-23

July (June)

Argentina

22.15 (22.15)

19.50 (20.00)

Australia

36.30 (36.30)

30.00 (30.00)

Canada

21.65 (21.65)

34.00 (33.00)

EU

138.42 (138.42)

134.10 (136.10)

Russia

75.16 (75.16)

81.50 (81.00)

Ukraine

33.01 (33.01)

19.50

(21.50)