Report snapshot: U.S. corn, soybean ending stocks unchanged

USDA Supply and Demand Report
USDA Supply and Demand Report
(USDA)

Expectations for
U.S. Carryover

Corn – billion bushels

 

2022-23

USDA

1.342

Average est.

1.319

USDA March

1.342

USDA 2021-22

1.377

 

Soybeans – million bushels

 

2022-23

USDA

210

Average est.

198

USDA March

210

USDA 2021-22

274

 

Wheat – million bushels

 

2022-23

USDA

598

Average est.

574

USDA March

568

USDA 2021-22

600

 

Cotton – million bales

 

2022-23

USDA

4.10

Average est.

4.30

USDA March

4.30

USDA 2021-22

3.75

 

 

Global Carryover

Corn – MMT

 

2021-22

2022-23

USDA

306.91

295.35

Average est.

NA

293.17

USDA March

305.69

295.01

Soybeans – MMT

 

2021-22

2022-23

USDA

99.73

100.29

Average est.

NA

98.56

USDA March

99.00

100.01

Wheat – MMT

 

2021-22

2022-23

USDA

272.09

265.05

Average est.

NA

267.07

USDA March

271.45

267.20

Cotton – million bales

 

2021-22

2022-23

USDA

86.23

92.01

Average est.

NA

90.80

USDA March

86.11

91.15

 

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Corn and wheat traded in narrow ranges near unchanged most of the night, while soybeans showed modest weakness.