Report snapshot: higher U.S. and global corn ending stocks
|
Expectations for |
|
|
Corn – billion bushels |
|
|
2022-23 |
|
|
USDA |
1.342 |
|
Average est. |
1.308 |
|
USDA February |
1.267 |
|
USDA 2021-22 |
1.377 |
|
Soybeans – million bushels |
|
|
2022-23 |
|
|
USDA |
210 |
|
Average est. |
220 |
|
USDA February |
225 |
|
USDA 2021-22 |
274 |
|
|
|
|
Wheat – million bushels |
|
|
2022-23 |
|
|
USDA |
568 |
|
Average est. |
573 |
|
USDA February |
568 |
|
USDA 2021-22 |
600 |
|
|
|
|
Cotton – million bales |
|
|
2022-23 |
|
|
USDA |
4.30 |
|
Average est. |
4.26 |
|
USDA February |
4.30 |
|
USDA 2021-22 |
3.75 |
|
Global Carryover |
||
|
Corn – MMT |
||
|
|
2021-22 |
2022-23 |
|
USDA |
305.69 |
296.46 |
|
Average est. |
NA |
293.17 |
|
USDA February |
306.28 |
295.28 |
|
Soybeans – MMT |
||
|
|
2021-22 |
2022-23 |
|
USDA |
99.00 |
100.01 |
|
Average est. |
NA |
100.28 |
|
USDA February |
98.83 |
102.03 |
|
Wheat – MMT |
||
|
|
2021-22 |
2022-23 |
|
USDA |
271.45 |
267.20 |
|
Average est. |
NA |
269.44 |
|
USDA February |
276.70 |
269.34 |
|
Cotton – million bales |
||
|
|
2021-22 |
2022-23 |
|
USDA |
86.11 |
91.15 |
|
Average est. |
NA |
89.07 |
|
USDA February |
85.24 |
89.09 |
