Source: SUCCESSFUL FARMING, 8/12/22


Today USDA released the latest World Agricultural Supply and Demand Estimates (WASDE) report. For corn, the USDA pegged the U.S. 2022/23 projected ending stocks at 1.388 billion bushels vs. the trade estimate of 1.383 billion bushels. USDA’s estimate in July was much higher at 1.470 billion bushels. For soybeans, the U.S. ending stocks were 245 million bushels vs. the trade's expectation of 227 million bushels. USDA’s July estimate was 230 million bushels. 

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