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

Mar 06, 2025

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.

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Video: Farm Health Guardian | Digital Biosecurity in Real Time

Disease risk, biosecurity, and real-time monitoring continue to be major topics across the pork industry. In this episode of Swine Web Industry Perspectives, presented by Farm Health Guardian, we discuss how digital biosecurity and real-time data are changing the way producers think about herd protection, people movement, and operational decision-making.

The conversation explores:

disease risk in modern pork production,

the impact of people movement on biosecurity,

the importance of real-time monitoring,

digital biosecurity technology,

and how Farm Health Guardian developed tools designed to support modern swine operations.

As the industry continues focusing on prevention, preparedness, and operational efficiency, connected technologies and actionable data are becoming increasingly important parts of modern herd health management.