A big jump in 2023-24 ending stocks for corn and a sharp decline for soybeans. To view this email as a web page,
click here | | | USDA’s updated balance sheets on July 12 will reflect adjustments to old-crop demand forecasts based on June 1 stocks. There will be major changes on the new-crop balance sheets to reflect planted acreage figures, which will result in a big jump in 2023-24 ending stocks for corn and a sharp decline for soybeans.
The first all-wheat crop estimate also comes July 12, including survey-based forecasts for other spring wheat and durum.
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