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Pro Farmer/News/Agriculture News

USDA Report Snapshot: Big drop in corn ending stocks

USDA pegged old-crop corn ending stocks at 1.877 billion bu., well below the average estimate of 2.049 billion bu. Soybean ending stocks were also short of average trade guesses, while 2024-25 wheat ending stocks were up notably amid higher production.

Hillari Mason
 • 
July 12, 2024 11:13 AM
USDA
USDA
(USDA )

U.S. Carryover
Corn – billion bushels
2023-24
2024-25
USDA
1.877
2.097
Average est.
2.049
2.312
USDA June
2.022
2.102

Soybeans – million bushels
2023-24
2024-25
USDA
345
435
Average est.
355
449
USDA June
350
455
Wheat – million bushels
2023-24
2024-25
USDA
702
856
Average est.
NA
788
USDA June
688
758
Cotton – million bales
2023-24
2024-25
USDA
3.05
5.30
Average est.
NA
5.05
USDA June
2.85
4.10

Global Carryover
Corn – MMT

2023-24
2024-25
USDA
309.13
311.64
Average est.
NA
311.63
USDA June
313.08
310.77
Soybeans – MMT

2023-24
2024-25
USDA
111.25
127.76
Average est.
NA
127.19
USDA June
111.78
127.90
Wheat – MMT

2023-24
2024-25
USDA
260.99
257.24
Average est.
NA
252.19
USDA June
257.80
252.27
Cotton – million bales

2023-24
2024-25
USDA
79.31
82.63
Average est.
NA
83.51
USDA June
80.97
84.28

U.S. Wheat Production
All wheat – billion bu.
USDA
2.008
Average est.
1.909
USDA June
1.875
USDA 2023
1.812

Winter wheat – billion bu.
USDA
1.341
Average est.
1.316
USDA June
1.295
USDA 2023
1.248

HRW wheat – million bu.
USDA
763
Average est.
743
USDA June
726
USDA 2023
601

SRW wheat – million bu.
USDA
344
Average est.
344
USDA June
342
USDA 2023
449

White winter wheat – million bu.
USDA
234
Average est.
227
USDA June
226
USDA 2023
198
Other spring wheat – million bu.
USDA
578
Average est.
521
USDA June
NA
USDA 2023
505
Durum wheat – million bu.
USDA
89
Average est.
75
USDA June
NA
USDA 2023
59
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