Report Snapshot | U.S. ending stocks unchanged

No changes were made to the U.S. wheat and corn balance sheets, while a 5-million-bu. increase in soybean imports was offset by a 5-million-bu. increase in crush. Corn, soybean and cotton world ending stocks were each higher than respective pre-report estimates.

USDA
USDA
(USDA)

U.S. Carryover
Corn – billion bushels
2024-25
2025-26
USDA
1.551
2.127
Average est.
NA
2.131
USDA Feb.
1.551
2.127
Soybeans – million bushels
2024-25
2025-26
USDA
325
350
Average est.
NA
346
USDA Feb.
325
350
Wheat – million bushels
2024-25
2025-26
USDA
855
931
Average est.
NA
926
USDA Feb.
855
931
Cotton – million bales
2024-25
2025-26
USDA
4.00
4.40
Average est.
NA
4.36
USDA Feb.
4.00
4.40

Global Carryover
Corn – MMT
2024-25
2025-26
USDA
295.82
292.75
Average est.
NA
289.19
USDA Feb.
294.35
288.98
Soybeans – MMT
2024-25
2025-26
USDA
123.84
125.31
Average est.
NA
124.74
USDA Feb.
123.66
125.51
Wheat – MMT
2024-25
2025-26
USDA
259.63
276.96
Average est.
NA
277.53
USDA Feb.
259.77
277.51
Cotton – million bales
2024-25
2025-26
USDA
73.76
76.39
Average est.
NA
74.80
USDA Feb.
73.76
75.11