USDA Forecasts 14.86 BB Corn Crop, 4.45 BB Soybean Crop

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USDA on Friday released the World Agricultural Supply and Demand Estimates (WASDE) report for May, which includes the first detailed forecast for the 2024-25 corn and soybean crops.

USDA also released its May Crop Production report on Friday.

Stay tuned throughout the morning and refresh this page often, as we will be sending a series of updates with the important highlights from today’s reports, including commentary from our analysts.

You can also view the full reports here:

— Crop Production:

— World Agricultural Supply and Demand Estimates (WASDE):

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With new Northern crop seasons getting underway, join us for DTN’s webinar at 12:30 p.m. CDT Friday as we discuss USDA’s new estimates and add in our own market comments. Questions are welcome and registrants will receive a replay link for viewing at their convenience. Register here for Friday’s May WASDE report webinar: https://www.dtn.com/….

U.S. PRODUCTION (Million Bushels) 2024-25 May Avg High Low 2022-23 Corn 14,860 14,897 15,342 14,720 15,342 Soybeans 4,450 4,430 4,496 4,165 4,165 All Wheat 1,858 1,889 1,952 1,775 1,812 Winter 1,248 1,305 1,395 1,210 1,248 U.S. ENDING STOCKS (Million Bushels) 2023-24 May Avg High Low Apr Corn 2,022 2,098 2,350 1,967 2,122 Soybeans 340 341 365 304 340 Wheat 687 689 710 598 698 U.S. ENDING STOCKS (Million Bushels) 2024-25 May Avg High Low Corn 2,102 2,256 2,513 2,032 Soybeans 445 432 552 315 Wheat 766 786 862 652 WORLD ENDING STOCKS (million metric tons) 2023-24 May Avg High Low Apr Corn 313.1 315.3 317.2 311.0 318.3 Soybeans 111.8 112.4 115.0 109.0 114.2 Wheat 257.8 258.1 259.5 257.0 258.3 WORLD ENDING STOCKS (million metric tons) 2024-25 May Avg High Low Corn 312.3 317.4 321.2 312.0 Soybeans 128.5 120.0 130.2 109.5 Wheat 253.6 256.9 241.8 264.4 WORLD PRODUCTION (million metric tons) 2023-24 May Avg High Low Apr CORN Argentina 53.0 52.0 55.0 50.0 55.0 Brazil 122.0 122.5 125.6 120.0 124.0 SOYBEANS Argentina 50.0 49.5 50.0 48.0 50.0 Brazil 154.0 152.6 155.0 147.0 155.0



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