Good morning,
Corn is down 7 and soybeans are down 11 to start the day.
Its Friday and its REPORT Day! The USDA will release 2024 and 2025 carryout numbers as well as 2024 production numbers this morning at 11am. Based on recent and current forecasts for weather, things are shaping up to be good this year. While prices are depressed, producers are advised to get sales of old and new crops on the books as the future is not bright today.
Fridays USDA report estimates are listed below.
USDA 2023/24 US Carryout (billion bushels)
| USDA July | USDA June | Average Trade Est. | |
| Corn | 1.877 | 2.022 | 2.049 |
| Soybeans | .345 | .350 | .355 |
USDA 2024 US Yield (bushels per acre)
| USDA July | USDA June | Average Trade Est. | |
| Corn | 181.0 | 181.0 | 180.8 |
| Soybeans | 52.0 | 52.0 | 51.9 |
USDA 2024 Production (billion bushels)4.
| USDA July | USDA June | Average Trade Est. | |
| Corn | 15.100 | 14.860 | 15.063 |
| Soybeans | 4.435 | 4.450 | 4.424 |
USDA 2024/25 US Carryout (billion bushels)
| USDA July | USDA June | Average Trade Est. | |
| Corn | 2.097 | 2.102 | 2.312 |
| Soybeans | .435 | .455 | .449 |
| Wheat | .856 | .758 | .788 |
Check back at 11am for todays update.
Garry Gard
920-348-6844
