Report snapshot: U.S. winter wheat carryover, production shy of pre-report figures

USDA’s May crop data was mostly bearish, though wheat production and ending stock estimates were notably shy of pre-report estimates, giving the wheat complex momentum to climb higher.

usda
usda
(USDA)

U.S. Winter Wheat Production

All wheat – billion bu.

USDA

1.650

Average est.

1.789

USDA 2022

1.650

Winter wheat – billion bu.

USDA

1.130

Average est.

1.230

USDA 2022

1.104

HRW wheat – million bu.

USDA

514

Average est.

591

USDA 2022

531

SRW wheat – million bu.

USDA

406

Average est.

399

USDA 2022

337

White winter wheat – million bu.

USDA

210

Average est.

241

USDA 2022

236

U.S. Carryover

Corn – billion bushels

2022-23

2023-24

USDA

1.417

2.222

Average est.

1.366

2.094

USDA April

1.342

NA

Soybeans – million bushels

2022-23

2023-24

USDA

215

335

Average est.

212

293

USDA April

210

NA

Wheat – million bushels

2022-23

2023-24

USDA

598

556

Average est.

603

602

USDA April

598

NA

Cotton – million bales

2022-23

2023-24

USDA

3.5

3.3

Average est.

NA

4.18

USDA April

4.10

NA

Global Carryover

Corn – MMT

2022-23

2023-24

USDA

297.41

312.90

Average est.

295.16

307.47

USDA April

295.35

NA

Soybeans – MMT

2022-23

2023-24

USDA

101.04

122.50

Average est.

99.03

108.07

USDA April

100.29

NA

Wheat – MMT

2022-23

2023-24

USDA

266.28

264.34

Average est.

265.09

259.69

USDA April

265.05

NA

Cotton – million bales

2022-23

2023-24

USDA

92.63

92.28

Average est.

NA

90.34

USDA April

92.01

NA