Report snapshot: corn stocks fall more than expected; big wheat production pegs

USDA pegged Sept. 1 corn stocks at 1.361 billion bu., 68 million bu. lower than pre-report expectations and 16 million bu. lower than year-ago. Soybean stocks were above pre-report estimates by 26 mb.

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September 29, 2023 11:21 AM

U.S. Wheat Production

All wheat – billion bu.
USDA	1.812
Average est.	1.729
USDA August	1.734

Winter wheat – billion bu.
USDA	1.248
Average est.	1.223
USDA August	1.227

HRW wheat – million bu.
USDA	601
Average est.	584
USDA August	585

SRW wheat – million bu.
USDA	449
Average est.	438
USDA August	440

White winter wheat – million bu.
USDA	198
Average est.	201
USDA August	202

Other spring wheat – million bu.
USDA	505
Average est.	446
USDA August	450

Durum wheat – million bu.
USDA	59
Average est.	57
USDA August	57

Quarterly Grain Stocks Report
Corn – billion bu.
USDA Sept. 1, 2023	1.361
Average est.	1.429
USDA June 1, 2023	4.106
USDA Sept. 1, 2022	1.377

Soybeans – million bu.
USDA Sept. 1, 2023	268
Average est.	242
USDA June 1, 2023	796
USDA Sept. 1, 2022	274

Wheat – billion bu.
USDA Sept. 1, 2023	1.780
Average est.	1.772
USDA June 1, 2023	0.580
USDA Sept. 1, 2022	1.778

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