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Pro Farmer/News/Agriculture News

Report Snapshot | Corn, soybean ending stocks well below expectations

While old- and new-crop ending stocks were both well below pre-report expectations, wheat production landed well above analysts’ estimates.

Hillari Mason
 • 
May 12, 2025 11:13 AM
USDA
USDA WASDE and Production Reports
(USDA )

U.S. Winter Wheat Production
All wheat – billion bu.
USDA
1.921
Average est.
1.885
USDA 2024
1.971
Winter wheat – billion bu.
USDA
1.382
Average est.
1.325
USDA 2024
1.349
HRW wheat – million bu.
USDA
784
Average est.
748
USDA 2024
770
SRW wheat – million bu.
USDA
345
Average est.
342
USDA 2024
342
White winter wheat – million bu.
USDA
253
Average est.
234
USDA 2024
236

U.S. Carryover
Corn – billion bushels
2024-25
2025-26
USDA
1.415
1.800
Average est.
1.443
2.020
USDA April
1.465
NA
Soybeans – million bushels
2024-25
2025-26
USDA
350
295
Average est.
369
362
USDA April
375
NA
Wheat – million bushels
2024-25
2025-26
USDA
841
923
Average est.
NA
863
USDA April
846
NA
Cotton – million bales
2024-25
2025-26
USDA
4.80
5.20
Average est.
5.35
NA
USDA April
5.0
NA

Global Carryover
Corn – MMT
2024-25
2025-26
USDA
287.29
277.84
Average est.
287.07
297.36
USDA April
287.65
NA
Soybeans – MMT
2024-25
2025-26
USDA
123.18
124.33
Average est.
122.50
126.02
USDA April
122.47
NA
Wheat – MMT
2024-25
2025-26
USDA
265.21
265.73
Average est.
261.00
261.20
USDA April
260.70
NA
Cotton – million bales
2024-25
2025-26
USDA
78.40
78.38
Average est.
78.11
NA
USDA April
78.86
NA
Agriculture News