Soybeans Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2022/23
October
2022/23
November
2022/23
Change
2023/24
October
2023/24
November
2023/24
Change
Million Acres
Area Planted 87.5 87.5 0 83.6 83.6 0
Area Harvested 86.2 86.2 0 82.8 82.8 0
Bushels
Yield per Harvested Acre 49.6 49.6 0 49.6 49.9 .3
Million Bushels
Beginning Stocks 274 274 0 268 268 0
Production 4,270 4,270 0 4,104 4,129 25
Imports 25 25 0 30 30 0
Total Supply 4,569 4,569 0 4,403 4,428 25
Crushings 2,212 2,212 0 2,300 2,300 0
Exports 1,992 1,992 0 1,755 1,755 0
Seed 97 97 0 101 101 0
Residual 0 0 0 27 26 -1
Total Use 4,301 4,301 0 4,183 4,182 -1
Ending Stocks 268 268 0 220 245 25
Other
Average Farm Price($/bushel) 14.2 14.2 0 12.9 12.9 0
Stocks to Use (%) 6.231 6.231 0 5.259 5.858 .599


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