USDA World Agricultural Supply & Demand Estimates

Projected 2017-18 U.S. wheat ending stocks are raised this month by 25 million bushels to 1.034 billion bushels, reflecting a reduction in exports.

U.S. soybean ending stocks for 2017-18 are projected to be 555 million bushels, up 25 million bushels from last month, and are the highest since 2006-07.

2017-18 U.S. corn ending stocks are lowered this month by 225 million bu. to 2.127 billion bushels, as exports are forecast to increase by 175 million bu. and corn used to produce ethanol is raised 50 million bushels.

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