Farms.com Home   Farm Equipment News

U.S. Corn and Soybean Stocks Unchanged in Latest USDA WASDE Analysis

The USDA updated its global supply and demand estimates for 2024/25, with U.S. ending stocks for corn, soybeans, and wheat slightly above or below consensus. Corn stocks are estimated at 1.540B bushels, soybeans at 380MM bushels, and wheat at 794MM bushels. U.S. stocks-to-use ratios for corn, soybeans, and wheat are projected at 10.2%, 8.7%, and 39.6%, respectively. The report is seen as neutral for U.S. farmers, with slightly above-consensus soybean and corn stocks, and slightly below wheat stocks. U.S. farm gate prices are adjusted: $4.35 for corn (up from $4.25), $10.10 for soybeans (down from $10.20), and $5.55 for wheat (unchanged).

Global stocks for major crops are forecast to decrease by 3% YoY. Global stocks-to-use ratios are estimated at 23.5% for corn, 30.4% for soybeans, and 32.0% for wheat. Ukraine’s wheat production is unchanged at 22.9MMT, while its corn production is down 18% to 26.5MMT. Brazil and Argentina’s soybean production is up by 10% and 2%, respectively. Combined global ending stocks for corn, soybeans, and wheat are projected to drop 3% YoY to 672MMT.

Click here to see more...

Trending Video

Swine Insights 2024 | Summary Serie

Video: Swine Insights 2024 | Summary Serie

From shifting markets to the rise of data and sustainability, 2024 has reshaped the swine industry in more ways than one.