USDA Report Snapshot: Corn, soybean stocks lighter than expected

Sept. 1 corn stocks of 1.760 billion bu. were short of analysts’ average pre-report estimate by 84 million bu., while soybean stocks of 342 million bu. were shy 9 million bu. Wheat stocks and production were each slightly above pre-report estimates.

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September 30, 2024 11:19 AM

Quarterly Grain Stocks Report
Corn – billion bu.
USDA Sept. 1, 2024	1.760
Average est.	1.844
USDA June 1, 2024	4.993
USDA Sept. 1, 2023	1.360

Soybeans – million bu.
USDA Sept. 1, 2024	342
Average est.	351
USDA June 1, 2024	970
USDA Sept. 1, 2023	264

Wheat – billion bu.
USDA Sept. 1, 2024	1.986
Average est.	1.973
USDA June 1, 2024	0.702
USDA Sept. 1, 2023	1.767

U.S. Wheat Production

All wheat – billion bu.
USDA	1.971
Average est.	1.966
USDA Aug.	1.982

Winter wheat – billion bu.
USDA	1.349
Average est.	1.350
USDA Aug.	1.361

HRW wheat – million bu.
USDA	770
Average est.	768
USDA Aug.	776

SRW wheat – million bu.
USDA	342
Average est.	342
USDA Aug.	342

White winter wheat – million bu.
USDA	236
Average est.	244
USDA Aug.	243

Other spring wheat – million bu.
USDA	542
Average est.	540
USDA Aug.	544

Durum wheat – million bu.
USDA	80
Average est.	76
USDA Aug.	77

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