HOUSTON (ICIS)–The US Department of Agriculture (USDA) said in the July World Agricultural Supply and Demand Estimate (WASDE) report that the outlook for corn is for lower production and ending stocks, while soybeans will have slightly reduced production and exports but have increased ending stocks.
For the corn crop beginning stocks are decreased by 25 million bushels to 1.3 billion bushels, which the agency said reflects an increase in exports that is partly offset by lower feed and residual use.
Feed and residual use is down 75 million bushels based on indicated disappearance in the 30 June grain stocks report. Exports have been raised by 100 million bushels to 2.8 billion bushels based on current outstanding sales and shipments to date and, if realized, would be record high.
Published by: www.icis.com
Mark Milam
11-Jul-2025
