USDA World Agricultural Supply & Demand Estimates

Projected 2017-18 U.S. wheat ending stocks were raised this month by 25 million bushels to 960 million bushels on reduced exports.

2017-18 U.S. corn ending stocks were lowered this month by 50 million bushels to 2.437 billion bushels, as corn used to produce ethanol is raised by 50 million bushels.

U.S. soybean ending stocks for 2017-18 are projected to be 445 million bushels, up 20 million bushels from last month and still the highest since 2006-07.

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