Report snapshot: U.S. corn, soybean ending stocks unchanged

USDA kept corn and soybean ending stocks unchanged from March, while traders were anticipating a reduction for both crops. Meanwhile, wheat ending stocks rose as expected.

usda
usda
(USDA)

Expectations for
U.S. Carryover

Corn – billion bushels

2022-23

USDA

1.342

Average est.

1.319

USDA March

1.342

USDA 2021-22

1.377

Soybeans – million bushels

2022-23

USDA

210

Average est.

198

USDA March

210

USDA 2021-22

274

Wheat – million bushels

2022-23

USDA

598

Average est.

574

USDA March

568

USDA 2021-22

600

Cotton – million bales

2022-23

USDA

4.10

Average est.

4.30

USDA March

4.30

USDA 2021-22

3.75

Global Carryover

Corn – MMT

2021-22

2022-23

USDA

306.91

295.35

Average est.

NA

293.17

USDA March

305.69

295.01

Soybeans – MMT

2021-22

2022-23

USDA

99.73

100.29

Average est.

NA

98.56

USDA March

99.00

100.01

Wheat – MMT

2021-22

2022-23

USDA

272.09

265.05

Average est.

NA

267.07

USDA March

271.45

267.20

Cotton – million bales

2021-22

2022-23

USDA

86.23

92.01

Average est.

NA

90.80

USDA March

86.11

91.15