Today, the USDA released their latest WASDE report.
Prior to the report, industry participants estimated these numbers for U.S. production and ending stocks:
| U.S. CORN: | USDA AVERAGE ESTIMATE | OCT ‘19 | |
| Production | 13.643 | 13.779 | Billion Bu. |
| Yield | 167.5 | 168.4 | Bu./Acre |
| Ending Stocks | 1.817 | 1.929 | Billion Bu. |
| U.S. SOYBEANS: | USDA AVERAGE ESTIMATE | OCT ‘19 | |
| Production | 3.51 | 3.55 | Billion Bu. |
| Yield | 46.6 | 46.9 | Bu./Acre |
| Ending Stocks | 428 | 460 | Million Bu. |
The actual numbers from the USDA are:
| U.S. CORN: | ACTUAL per USDA | Change | |
| Production | 13.661 | -0.118 | Billion Bu. |
| Yield | 167 | -1.4 | Bu./Acre |
| Ending Stocks | 1.91 | -0.019 | Billion Bu. |
| U.S. SOYBEANS: | ACTUAL per USDA | Change | |
| Production | 3.55 | +0 | Billion Bu. |
| Yield | 46.9 | +0 | Bu./Acre |
| Ending Stocks | 475 | +15 | Million Bu. |
As of 11:30 A.M., Corn is up about 5 and Beans are down 3 to 5
