USDA cuts global ending stocks for beans, wheat, cotton and corn

U.S. ending stocks down for beans, steady for corn, up for wheat and cotton

soybean harvest
soybean harvest
(AgWeb)

U.S. Carryover

Corn – billion bushels

2021-22

USDA

1,540

Average est.

1.512

USDA January

1.540

Soybeans – million bushels

2021-22

USDA

325

Average est.

310

USDA January

350

Wheat – million bushels

2021-22

USDA

648

Average est.

629

USDA January

628

Cotton – million bales

2021-22

USDA

3.50

Average est.

3.29

USDA January

3.20

Global Carryover

Corn – MMT

2021-22

USDA

302.22

Average est.

300.32

USDA January

303.07

Soybeans – MMT

2021-22

USDA

92.83

Average est.

91.51

USDA January

95.20

Wheat – MMT

2021-22

USDA

278.21

Average est.

279.89

USDA January

279.95

Cotton – million bales

2021-22

USDA

84.31

Average est.

84.95

USDA January

85.01

Global Production Highlights

Corn – MMT

2020-21
February (January)

Argentina

54.00 (54.00)

Brazil

114.00 (115.00)

South Africa

17.00 (17.00)

Ukraine

42.00 (42.00)

China

272.55 (272.55)

Soybeans – MMT

2021-22
February (January)

Argentina

45.00 (46.50)

Brazil

134.00 (139.00)

Paraguay

6.30 (8.50)

Wheat – MMT

2021-22
February (January)

Argentina

20.50 (20.50)

Australia

34.00 (34.00)

Canada

21.65 (21.65)

EU

138.90 (138.90)

Russia

75.50 (75.50)

Ukraine

33.00 (33.00)