USDA Report Snapshot: wheat production trimmed; corn and soybean ending stocks above expectations

USDA pegged winter wheat production at 1.875 billion bu., just below expectations along with new-crop wheat U.S. ending stocks. However, U.S. and global corn and soybean ending stocks were above pre-report estimates.

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June 12, 2024 11:39 AM

U.S. Winter Wheat Production

All wheat – billion bu.
USDA	1.875
Average est.	1.880
USDA May	1.858
USDA 2023	1.812

Winter wheat – billion bu.
USDA	1.295
Average est.	1.298
USDA May	1.278
USDA 2023	1.248

HRW wheat – million bu.
USDA	726
Average est.	716
USDA May	705
USDA 2023	601

SRW wheat – million bu.
USDA	342
Average est.	350
USDA May	344
USDA 2023	449

White winter wheat – million bu.
USDA	226
Average est.	229
USDA May	229
USDA 2023	198

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