Soybeans Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2023/24
June
2023/24
July
2023/24
Change
2024/25
June
2024/25
July
2024/25
Change
Million Acres
Area Planted 83.6 83.6 0 86.5 86.1 -.4
Area Harvested 82.4 82.4 0 85.6 85.3 -.3
Bushels
Yield per Harvested Acre 50.6 50.6 0 52 52 0
Million Bushels
Beginning Stocks 264 264 0 350 345 -5
Production 4,165 4,165 0 4,450 4,435 -15
Imports 25 20 -5 15 15 0
Total Supply 4,454 4,449 -5 4,815 4,795 -20
Crushings 2,290 2,290 0 2,425 2,425 0
Exports 1,700 1,700 0 1,825 1,825 0
Seed 77 77 0 78 78 0
Residual 37 37 0 32 32 0
Total Use 4,104 4,103 -1 4,360 4,360 0
Ending Stocks 350 345 -5 455 435 -20
Other
Average Farm Price($/bushel) 12.55 12.5 -.05 11.2 11.1 -.1
Stocks to Use (%) 8.528 8.408 -.120 10.436 9.977 -.459


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