USDA report snapshot: U.S. ending stocks rise from January
|
U.S. Carryover |
||
|
Corn – billion bushels |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
NA |
2.172 |
|
Average est. |
NA |
2.146 |
|
USDA January |
1.361 |
2.162 |
|
|
||
|
Soybeans – million bushels |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
NA |
315 |
|
Average est. |
NA |
284 |
|
USDA January |
268 |
280 |
|
|
|
|
|
Wheat – million bushels |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
NA |
658 |
|
Average est. |
NA |
647 |
|
USDA January |
580 |
648 |
|
|
|
|
|
Cotton – million bales |
|
|
|
2022-23 |
2023-24 |
|
|
USDA |
4.25 |
2.80 |
|
Average est. |
NA |
2.86 |
|
USDA January |
4.25 |
2.90 |
|
Global Carryover |
||
|
Corn – MMT |
||
|
|
2022-23 |
2023-24 |
|
USDA |
300.25 |
322.06 |
|
Average est. |
NA |
324.02 |
|
USDA January |
300.56 |
325.22 |
|
Soybeans – MMT |
||
|
|
2022-23 |
2023-24 |
|
USDA |
103.57 |
116.03 |
|
Average est. |
NA |
112.48 |
|
USDA January |
101.87 |
114.60 |
|
Wheat – MMT |
||
|
|
2022-23 |
2023-24 |
|
USDA |
271.21 |
259.44 |
|
Average est. |
NA |
260.48 |
|
USDA January |
271.56 |
260.03 |
|
Cotton – million bales |
||
|
|
2022-23 |
2023-24 |
|
USDA |
82.97 |
83.70 |
|
Average est. |
NA |
84.37 |
|
USDA January |
83.22 |
84.38 |
