USDA Report Snapshot: U.S. corn, soybean ending stocks unchanged

USDA World Agricultural Supply and Demand Estimates
USDA World Agricultural Supply and Demand Estimates
(USDA)

U.S. Carryover

Corn – billion bushels

 

 

2022-23

2023-24

USDA

NA

2.172

Average est.

NA

2.159

USDA February

1.360

2.172

 

 

Soybeans – million bushels

 

 

2022-23

2023-24

USDA

NA

315

Average est.

NA

319

USDA February

264

315

 

 

Wheat – million bushels

 

 

2022-23

2023-24

USDA

NA

673

Average est.

NA

657

USDA February

570

658

 

 

Cotton – million bales

 

 

2022-23

2023-24

USDA

4.25

2.50

Average est.

NA

2.72

USDA February

4.25

2.80

 

Global Carryover

Corn – MMT

 

2022-23

2023-24

USDA

301.62

319.63

Average est.

NA

320.39

USDA February

300.25

322.06

Soybeans – MMT

 

2022-23

2023-24

USDA

102.15

114.27

Average est.

NA

114.27

USDA February

103.57

116.03

Wheat – MMT

 

2022-23

2023-24

USDA

271.10

258.83

Average est.

NA

259.12

USDA February

271.21

259.44

Cotton – million bales

 

2022-23

2023-24

USDA

82.97

83.34

Average est.

NA

83.31

USDA February

82.97

83.70

 

 

Latest News

H&P Report negative compared to pre-report expectations
H&P Report negative compared to pre-report expectations

Nearly every category topped the average pre-report estimates.

After the Bell | March 28, 2024
After the Bell | March 28, 2024

After the Bell | March 28, 2024

Pro Farmer's Daily Advice Monitor
Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.