USDA World Agricultural Supply and Demand Estimates
U.S. all wheat ending stocks for 2017/18 are forecast to be 938 million bushels. This is up 14 million bushels from last month’s report. Global wheat ending stocks are forecast to decrease by 590,000 tonnes to 260.6 million tonnes in 2017/18, and if realized would still be a record high carryout.
USDA forecasts 2017/18 U.S. soybean ending stocks to be 460 million bushels. This is down 35 million bushels from last month’s report.
USDA is forecasting 2017/18 U.S. corn ending stocks to be 2.325 billion bushels, which was an increase of 215 million bushels from last month’s report.
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