March 2018 USDA Estimates

March 2018 USDA Supply-Demand

USDA 2017-18 U.S. grain and soybean ending stocks

USDA Mch.

Average of

Range of

USDA Feb

2017-18

analysts'

analysts'

2017-18

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Wheat

1.015

0.995-1.099

1.009

Corn

2.312

2.240-2.352

2.352

Soybeans

0.530

0.490-0.580

0.530

USDA 2017-18 world grain and soybean ending stocks

USDA Mch

Average of

Range of

USDA Feb

2017-18

analysts'

analysts'

2017-18

end-stocks

estimates

estimates

end-stocks

estimates

estimates

Wheat

265.63

263.00-267.50

266.10

Corn

199.36

192.30-203.10

203.09

Soybeans

95.31

93.00-98.10

98.14

USDA 2017-18 South American corn and soy production

USDA Mch

Average of

Range of

USDA Feb

2017-18

analysts'

analysts'

2017-18

estimate

estimates

estimates

estimate

ARGENTINA

Corn

36.58

34.00-38.50

39.00

Soybeans

48.36

43.00-53.00

54.00

BRAZIL

Corn

92.22

86.20-96.00

95.00

Soybeans

113.82

112.00-116.00

112.00

Trading Futures is Risky - Plan the Trade - Trade the Plan