Pro Farmer/News/Agriculture News

Report Snapshot: corn, soybean ending stocks unchanged from January

Analysts expected modest declines in 2024-25 ending stocks for corn and soybeans, though USDA kept the estimates unchanged from last month. Global corn, soybean and wheat ending stocks were each below their average pre-report estimate.

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February 11, 2025 11:10 AM

USDA — World Agriculture Supply and Demand Estimates

U.S. Carryover
Corn – billion bushels
	2023-24	2024-25
USDA	1.763	1.540
Average est.	NA	1.526
USDA January	1.763	1.540

Soybeans – million bushels
	2023-24	2024-25
USDA	342	380
Average est.	NA	374
USDA January	342	380

Wheat – million bushels
	2023-24	2024-25
USDA	696	794
Average est.	NA	799
USDA January	696	798

Cotton – million bales
	2023-24	2024-25
USDA	3.15	4.90
Average est.	NA	4.79
USDA January	3.15	4.80

Global Carryover
Corn – MMT
	2023-24	2024-25
USDA	315.81	290.31
Average est.	NA	292.52
USDA January	317.46	293.34
Soybeans – MMT
	2023-24	2024-25
USDA	112.49	124.34
Average est.	NA	127.79
USDA January	112.38	128.37
Wheat – MMT
	2023-24	2024-25
USDA	267.49	257.56
Average est.	NA	258.60
USDA January	267.47	258.82
Cotton – million bales
	2023-24	2024-25
USDA	73.71	78.41
Average est.	NA	77.89
USDA January	74.16	77.91

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