USDA 2020/21 US corn and soybean crops (production in billions of bushels, yield in bushels per acre, harvested area in millions of acres):

2020/21

Jan

Average of analysts' estimates

Range of analysts' estimates

2020/21

Nov

2019/20

CORN

Production

14.182

14.470

14.319-14.997

14.507

13.620

Yield

172.0

175.3

173.8-178.2

175.8

167.5

Harvested area

82.467

82.543

82.000-84.160

82.527

81.337

SOYBEANS

Production

4.135

4.158

4.084-4.260

4.170

3.552

Yield

50.2

50.5

49.4-51.7

50.7

47.4

Harvested area

82,318

82.305

81.986-82.670

82.289

74.939

USDA 2020/21 US Grain Stocks as of December 1 (in billion bushels)

Dec 1, 2020

Average

Range

Sep 1, 2020

Dec 1, 2019

Wheat

1.674

1.695

1.585-1.827

2.158

1.841

Corn

11.322

11.951

11.590-12.305

1.919

11.327

Soybeans

2.933

2.920

2.775-3.215

0.525

3.252

USDA 2021/22 US Winter Wheat Seedings (in million acres)

2021/22

Jan

Average

Range

2020/21 plantings

All Winter Wheat

31.991

31.528

30.395-32.500

30.415

Hard Red Winter Wheat

22.3

22.140

21.352-22.900

21.362

Soft Red Winter Wheat

6.23

5.884

5.441-6.260

5.564

White Winter Wheat

3.48

3.514

3.400-3.700

3.489

US grain and soybean ending stocks (in billions of bushels)

2020/21

USDA

Jan

Average

Range

2020/21

USDA

Dec

2019/20

USDA

Jan

Wheat

0.836

0.859

0.837-0.900

0.862

1.028

Corn

1.552

1.599

1.400-1.782

1.702

1.919

Soybeans

0.140

0.139

0.105-0.166

0.175

0.525

World Grain Carryout (in million metric tons)

2020/21

USDA

Jan

Average

Range

2020/21

USDA

Dec

2019/20

USDA

Jan

Wheat

313.19

315.37

310.00-318.36

316.50

300.09

Corn

283.83

283.53

269.00-287.96

288.96

303.01

Soybeans

84.31

82.66

75.00-85.00

85.64

95.39

South American corn and soy production (in million metric tons):

USDA

2020/21

 Jan

Average

Range

USDA

2020/21

 Dec

USDA

2019/20

Jan

ARGENTINA

Corn

47.50

47.41

45.00-49.00

49.00

51.00

Soybeans

48.00

48.44

46.00-49.50

50.00

48.80

BRAZIL

Corn

109.00

107.74

102.00-110.00

110.00

102.00

Soybeans

133.00

131.42

128.00-133.00

133.00

126.00