The USDA updated its global supply and demand estimates for 2024/25, with U.S. ending stocks for corn, soybeans, and wheat slightly above or below consensus. Corn stocks are estimated at 1.540B bushels, soybeans at 380MM bushels, and wheat at 794MM bushels. U.S. stocks-to-use ratios for corn, soybeans, and wheat are projected at 10.2%, 8.7%, and 39.6%, respectively. The report is seen as neutral for U.S. farmers, with slightly above-consensus soybean and corn stocks, and slightly below wheat sto
The USDA updated its global supply and demand estimates for 2024/25, with U.S. ending stocks for corn, soybeans, and wheat slightly above or below consensus. Corn stocks are estimated at 1.540B bushels, soybeans at 380MM bushels, and wheat at 794MM bushels. U.S. stocks-to-use ratios for corn, soybeans, and wheat are projected at 10.2%, 8.7%, and 39.6%, respectively. The report is seen as neutral for U.S. farmers, with slightly above-consensus soybean and corn stocks, and slightly below wheat stocks. U.S. farm gate prices are adjusted: $4.35 for corn (up from $4.25), $10.10 for soybeans (down from $10.20), and $5.55 for wheat (unchanged).
machineryasia
The USDA updated its global supply and demand estimates for 2024/25, with U.S. ending stocks for corn, soybeans, and wheat slightly above or below consensus. Corn stocks are estimated at 1.540B bushels, soybeans at 380MM bushels, and wheat at 794MM bushels. U.S. stocks-to-use ratios for corn, soybeans, and wheat are projected at 10.2%, 8.7%, and 39.6%, respectively. The report is seen as neutral for U.S. farmers, with slightly above-consensus soybean and corn stocks, and slightly below wheat stocks. U.S. farm gate prices are adjusted: $4.35 for corn (up from $4.25), $10.10 for soybeans (down from $10.20), and $5.55 for wheat (unchanged).
