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Pro Farmer/News/Agriculture News

Report Snapshot: global corn, soybean carryover proves hefty

Global carryover for corn and soybeans each surpassed pre-report expectations by 1.8 MMT and 1.5 MMT, respectively, largely neutralizing the lower-than-expected U.S. corn carryover.

Hillari Mason
 • 
December 08, 2023 11:17 AM
usda
usda
(USDA)

U.S. Cotton Production

Cotton

Production
(mil. bales)

Yield
(lbs. per acre)

USDA

 
12.78
 
765

Average est.

13.080

NA

USDA Nov.

13.090

783

U.S. Carryover

Corn – billion bushels

2022-23

2023-24

USDA

NA

2.131

Average est.

NA

2.152

USDA Nov.

1.361

2.156

Soybeans – million bushels

2022-23

2023-24

USDA

NA

245

Average est.

NA

243

USDA Nov.

268

245

Wheat – million bushels

2022-23

2023-24

USDA

NA

659

Average est.

NA

684

USDA Nov.

580

684

Cotton – million bales

2022-23

2023-24

USDA

4.25

3.10

Average est.

NA

3.26

USDA Nov.

4.25

3.20

Global Carryover

Corn – MMT

2022-23

2023-24

USDA

300.10

315.22

Average est.

NA

313.44

USDA Nov.

299.22

314.99

Soybeans – MMT

2022-23

2023-24

USDA

101.92

114.21

Average est.

NA

112.76

USDA Nov.

100.31

114.51

Wheat – MMT

2022-23

2023-24

USDA

269.85

258.20

Average est.

NA

258.86

USDA Nov.

269.55

258.69

Cotton – million bales

2022-23

2023-24

USDA

82.83

82.40

Average est.

NA

81.42

USDA Nov.

82.84

79.92
Agriculture News