The 2023/24 U.S. corn outlook is for greater production at 15.1 billion bushels due to an increase in harvested area offsetting a reduction in yield. Corn supplies and ending stocks are also up compared to last month’s projections, while use remains unchanged.
The 2023/24 U.S. soybean outlook is for higher exports and lower beginning stocks, production, crush, exports, and ending stocks. Ending stocks are forecast down 25 million bushels from last month at 220 million bushels.
The 2023/24 outlook for U.S. wheat showed unchanged supply and use from last month’s projection.The global wheat outlook for 2023/24 is for lower supplies, exports, consumption, and ending stocks.
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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.