Report snapshot: soybean yield unchanged; corn trimmed to 177.5 bu.

In its July WASDE, USDA slashed the corn yield by 4 bu., which put 2023-24 ending stocks near pre-report estimates. Its soybean yield projection was unchanged, leaving ending stocks well above pre-report estimates.

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July 12, 2023 11:22 AM

U.S. Winter Wheat Production

All wheat – billion bu.
USDA	1.739
Average est.	1.683
USDA June	1.665
USDA 2022	1.650

Winter wheat – billion bu.
USDA	1.210
Average est.	1.146
USDA June	1.136
USDA 2022	1.104

HRW wheat – million bu.
USDA	577
Average est.	532
USDA June	525
USDA 2022	531

SRW wheat – million bu.
USDA	422
Average est.	407
USDA June	402
USDA 2022	337

White winter wheat – million bu.
USDA	207
Average est.	207
USDA June	209
USDA 2022	236

Other spring wheat – million bu.
USDA	479
Average est.	477
USDA June	NA
USDA 2022	482

Durum wheat – million bu.
USDA	54.0
Average est.	60
USDA June	NA
USDA 2022	64

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