USDA Report Snapshot: U.S. corn, soybean ending stocks unchanged

Corn and soybean ending stocks were unchanged from February, while wheat ending stocks rose 15 million bu. However, global corn and wheat ending stocks were lower than pre-report estimates; soybeans were as expected.

usda
usda
(USDA)

U.S. Carryover

Corn – billion bushels

2022-23

2023-24

USDA

NA

2.172

Average est.

NA

2.159

USDA February

1.360

2.172

Soybeans – million bushels

2022-23

2023-24

USDA

NA

315

Average est.

NA

319

USDA February

264

315

Wheat – million bushels

2022-23

2023-24

USDA

NA

673

Average est.

NA

657

USDA February

570

658

Cotton – million bales

2022-23

2023-24

USDA

4.25

2.50

Average est.

NA

2.72

USDA February

4.25

2.80

Global Carryover

Corn – MMT

2022-23

2023-24

USDA

301.62

319.63

Average est.

NA

320.39

USDA February

300.25

322.06

Soybeans – MMT

2022-23

2023-24

USDA

102.15

114.27

Average est.

NA

114.27

USDA February

103.57

116.03

Wheat – MMT

2022-23

2023-24

USDA

271.10

258.83

Average est.

NA

259.12

USDA February

271.21

259.44

Cotton – million bales

2022-23

2023-24

USDA

82.97

83.34

Average est.

NA

83.31

USDA February

82.97

83.70