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U.S. wheat ending stocks up, corn and soybeans hold

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March’s USDA supply and demand update was fairly quiet for U.S. corn, soybeans, and wheat.

U.S. wheat ending stocks were up from February on the dismal export demand, while corn and soybean ending stocks were unchanged. The USDA also trimmed the average estimated 2023/24 farm prices for corn and wheat, but left soybeans steady.

The USDA’s next round of supply and demand estimates is out April 11th.

Breakdown of selected supply and demand tables:

2023/24 U.S.

U.S. wheat ending stocks up, corn and soybeans hold