POLL-Trade estimates for USDA June US wheat production
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June 5 (Reuters) - The following are analysts' estimates ahead of the June supply/demand and crop production reports from the U.S. Department of Agriculture, which will include figures for 2026/27 U.S. wheat production.
The USDA is scheduled to release the report on Thursday, June 11, at 12 p.m. EDT (1600 GMT).
Reuters surveys analysts for their expectations of what the USDA will report and for the analysts' own estimates. The two sets of numbers are published in separate tables below.
NOTE: Production figures are in billions of bushels:
PREDICTING USDA FOR 2026/27:
|
All |
Winter |
Hard red |
Soft red |
White |
wheat |
wheat |
winter |
winter |
winter |
|
Average trade estimate |
1.555 |
1.041 |
0.508 |
0.303 |
0.231 |
Highest trade estimate |
1.603 |
1.071 |
0.525 |
0.315 |
0.235 |
Lowest trade estimate |
1.525 |
1.020 |
0.485 |
0.295 |
0.228 |
USDA 2025/2026 |
1.561 |
1.048 |
0.515 |
0.301 |
0.232 |
|
|
|
|
|
|
ADM Investor Services |
1.553 |
1.040 |
0.505 |
0.303 |
0.232 |
Allendale Inc |
1.582 |
1.071 |
0.525 |
0.314 |
0.232 |
Brock Associates |
1.540 |
1.028 |
-- |
-- |
-- |
Brugler Marketing |
1.565 |
1.050 |
0.510 |
0.305 |
0.235 |
Doane Advisory Services |
1.555 |
1.042 |
0.509 |
0.301 |
0.232 |
Grain Service Corp |
1.553 |
1.040 |
0.510 |
0.298 |
0.232 |
Linn & Associates |
1.525 |
1.030 |
0.500 |
0.300 |
0.230 |
Marex Capital |
1.573 |
1.060 |
0.525 |
0.305 |
0.230 |
McKeany-Flavell |
1.561 |
1.048 |
0.515 |
0.301 |
0.232 |
Midland Research |
1.533 |
1.020 |
0.485 |
0.303 |
0.232 |
Northstar Commodity |
1.541 |
1.028 |
0.495 |
0.301 |
0.232 |
R.J. O'Brien |
1.568 |
1.046 |
0.513 |
0.300 |
0.233 |
Sid Love Consulting |
1.545 |
1.032 |
0.499 |
0.305 |
0.228 |
StoneX Group Inc |
1.603 |
1.068 |
0.525 |
0.315 |
0.228 |
U.S. Commodities |
1.760 |
1.253 |
0.660 |
0.345 |
0.248 |
Vantage RM |
1.551 |
1.038 |
0.505 |
0.301 |
0.232 |
Zaner Ag Hedge |
1.538 |
1.025 |
0.500 |
0.295 |
0.230 |
ANALYSTS' OWN ESTIMATES FOR 2026/27:
All |
Winter |
Hard red |
Soft red |
White |
|
wheat |
wheat |
winter |
winter |
winter |
|
Average trade estimate |
1.561 |
1.041 |
0.509 |
0.303 |
0.231 |
Highest trade estimate |
1.603 |
1.068 |
0.525 |
0.315 |
0.232 |
Lowest trade estimate |
1.538 |
1.025 |
0.500 |
0.295 |
0.228 |
USDA May |
1.561 |
1.048 |
0.515 |
0.301 |
0.232 |
ADM Investor Services |
1.553 |
1.040 |
0.505 |
0.303 |
0.232 |
Brock Associates |
1.554 |
1.037 |
-- |
-- |
-- |
StoneX Group Inc |
1.603 |
1.068 |
0.525 |
0.315 |
0.228 |
U.S. Commodities |
1.555 |
1.037 |
0.505 |
0.300 |
0.232 |
Zaner Ag Hedge |
1.538 |
1.025 |
0.500 |
0.295 |
0.230 |