Report snapshot: USDA shaves corn exports by 75 mb

Corn ending stocks landed on the higher end of pre-report expectations due to a reduction in exports, while soybean ending stocks were unchanged. However, corn world ending stocks proved short of pre-report estimates.

•

December 09, 2022 11:34 AM

Expectations for U.S. Carryover
Corn – billion bushels
	2022-23
USDA	1.257
Average est.	1.237
USDA November	1.182
USDA 2021-22	1.377

Soybeans – million bushels
	2022-23
USDA	220
Average est.	238
USDA November	220
USDA 2021-22	274

Wheat – million bushels
	2022-23
USDA	571
Average est.	576
USDA November	571
USDA 2021-22	600

Cotton – million bales
	2022-23
USDA	3.5
Average est.	3.12
USDA October	3.0
USDA 2021-22	3.75

Agriculture News