From DTN Progressive Farmer, July 10:
USDA Lowers New-Crop Corn Ending Stocks, Forecasts Record-Large US Soybean Crop
This article was originally published at 11:02 a.m. CDT on Friday, July 10. It was last updated with additional information at 12:29 a.m. CDT on Friday, July 10.
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OMAHA (DTN) -- USDA trimmed 170 million bushels (mb) from 2026-27 corn ending stocks, estimating that there will be 1.79 billion bushels (bb) of corn on hand at the end of the marketing year. Corn acreage and yield were left unchanged at 95.3 million acres (ma) and 183 bushels per acre (bpa).
USDA increased soybean production to 4.475 billion bushels, which would be a U.S. production record if it holds. USDA estimates that farmers planted 85.4 ma that will yield an average of 53 bpa.
USDA trimmed 20 mb from wheat ending stocks, lowering its projection for 2026-27 to 722 mb.
USDA released its July Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Friday....
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