Corn outlook

The 2023/24 U.S. corn outlook is for slightly higher supplies and ending stocks. 

U.S. corn production is forecast up 55 million bushels compared to last month’s projection. 

Soybean outlook 

The 2023/24 outlook for U.S. soybeans is for higher beginning stocks and a decrease in ending stocks by 50 million bushels, as well as lower production, supplies, exports, and use. 

Wheat outlook 

The 2023/24 outlook for U.S. wheat is for unchanged exports and increases in supplies, domestic use, and ending stocks compared to last month. 

The global wheat outlook for 2023/24 estimates an increase in consumption and decreases in supplies, exports, and stocks compared to last month. 

Sugar outlook 

U.S. sugar beet production for 2023/24 is projected at 5,021,759 STRV, a 72,197 STRV increase from previous estimates. 

The stocks-to-use ratio is projected at 13.50 percent, an increase of 2.94 percentage points compared to last month’s projections. 

Further data and analysis of this month’s WASDE are available to our IQ subscribers. Log in to read more.

Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.