Corn outlook  

2023/24 U.S. corn outlook is for reduced supplies, feed, residual use, exports, and ending stocks. 

U.S. corn production is forecast at 15.064 billion bushels, down 70 million due to lower yield at 173.0 bushels per acre. 

Soybean outlook   

The 2023/24 outlook for U.S. soybeans is for lower production, higher beginning stocks, lower supplies, and lower exports. Ending stocks are forecast at 220 million bushels, unchanged from September. 

Wheat outlook   

The outlook for 2023/24 U.S. wheat is for higher supplies, increased domestic use, unchanged exports, and higher ending stocks. 

The 2023/24 global wheat outlook estimates reduced supplies, lower consumption, decreased trade, and lower stocks. 

Sugar outlook   

U.S. sugar supply for 2023/24 is decreased by 182,212 STRV due to lower beginning stocks. This is largely offset by import and production changes. 

Ending stocks are projected at 1.557 million STRV for an ending stocks-to-use ratio of 12.29 percent, down 13.51 from September. 

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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.