Report snapshot: U.S. winter wheat carryover, production shy of pre-report figures

USDA's May World Agricultural Supply and Demand Estimates
USDA's May World Agricultural Supply and Demand Estimates
(USDA)

 

U.S. Winter Wheat Production

 

All wheat – billion bu.

USDA

1.650

Average est.

1.789

USDA 2022

1.650

 

Winter wheat – billion bu.

USDA

1.130

Average est.

1.230

USDA 2022

1.104

 

HRW wheat – million bu.

USDA

514

Average est.

591

USDA 2022

531

 

SRW wheat – million bu.

USDA

406

Average est.

399

USDA 2022

337

 

White winter wheat – million bu.

USDA

210

Average est.

241

USDA 2022

236

 

 

 

 

U.S. Carryover

Corn – billion bushels

 

 

2022-23

2023-24

USDA

1.417

2.222

Average est.

1.366

2.094

USDA April

1.342

NA

 

 

Soybeans – million bushels

 

 

2022-23

2023-24

USDA

215

335

Average est.

212

293

USDA April

210

NA

 

 

Wheat – million bushels

 

 

2022-23

2023-24

USDA

598

556

Average est.

603

602

USDA April

598

NA

 

 

Cotton – million bales

 

 

2022-23

2023-24

USDA

3.5

3.3

Average est.

NA

4.18

USDA April

4.10

NA

 

 

Global Carryover

Corn – MMT

 

2022-23

2023-24

USDA

297.41

312.90

Average est.

295.16

307.47

USDA April

295.35

NA

Soybeans – MMT

 

2022-23

2023-24

USDA

101.04

122.50

Average est.

99.03

108.07

USDA April

100.29

NA

Wheat – MMT

 

2022-23

2023-24

USDA

266.28

264.34

Average est.

265.09

259.69

USDA April

265.05

NA

Cotton – million bales

 

2022-23

2023-24

USDA

92.63

92.28

Average est.

NA

90.34

USDA April

92.01

NA

 

Latest News

Weekly corn inspections notch notable drop from previous week
Weekly corn inspections notch notable drop from previous week

Weekly corn inspections during the week ended April 25 were down 435,000 MT from the previous week, which was revised 38,000 MT higher. Corn, wheat and soybean inspections were all within pre-report estimates.

Monday Morning Wake Up Call | April 29, 2024
Monday Morning Wake Up Call | April 29, 2024

Soy complex futures are higher with wheat mixed and corn under early pressure. Cattle futures are chopping higher as lean hog futures soften...

Ahead of the Open | April 29, 2024
Ahead of the Open | April 29, 2024

Soybeans led strength overnight, corn traded in a narrow range overnight and wheat futures were widely mixed, with SRW leading to the downside and HRS leading to the upside.

Chart Trends | April 29, 2024
Chart Trends | April 29, 2024

Short-term trend turns bullish for wheat, soymeal and cattle futures.

APHIS Issues Another Clarification Re: Dairy Cattle
APHIS Issues Another Clarification Re: Dairy Cattle

Wet, severe weather in U.S. | Heavy rains threaten China’s rice crop | Rule on H-2A workers

First Thing Today | April 29, 2024
First Thing Today | April 29, 2024

Soybeans strengthened overnight, along with soymeal and soyoil, while corn traded in a tight range around unchanged and wheat was widely mixed.