Good morning,
USDA report day. Trade estimates and final report data are listed below.
2022/23 Carryout (billion bu)
| USDA Sept. | Average Trade Est. | USDA Aug. | |
| Corn | 1.452 | 1.460 | 1.457 |
| Soybeans | .250 | .255 | .260 |
2023/24 Carryout (billion bu)
| USDA Sept. | Average Trade Est. | USDA Aug. | |
| Corn | 2.221 | 2.140 | 2.202 |
| Soybeans | .220 | .207 | .245 |
| Wheat | .615 | .613 | .615 |
2023 US Harvested Acreage (Million Acres)
| USDA Sept. | Average Trade Est. | USDA Aug. | |
| Corn | 87.100 | 86.442 | 86.322 |
| Soybeans | 82.800 | 82.838 | 82.696 |
USDA 2023 Yield (Bushels per Acre)
| USDA Sept. | Average Trade Est. | USDA Aug. | |
| Corn | 173.8 | 173.5 | 175.1 |
| Soybeans | 50.1 | 50.2 | 50.9 |
USDA 2023/24 Production (Billion Bu)
| USDA Sept. | Average Trade Est. | USDA Aug. | |
| Corn | 15.134 | 15.008 | 15.111 |
| Soybeans | 4.146 | 4.157 | 4.205 |
We are going to need to see some dramatic changes to demand to move corn higher and that doesn’t appear to be in the cards for 2024.
Have a safe day!
Garry Gard
920-348-6844
