The USDA’s February release of the World Agricultural Supply and Demand Estimates report on Tuesday February 11 included updated wheat projections.

The US corn forecast for 2024/25 was unchanged from the previous month.

US wheat estimates for 2024/25 indicate a slight increase in domestic use, resulting in lower ending stocks.

US soybean projections for 2024/25 remain unchanged this month.

Corn
The USDA projected the season-average corn price for producers at $4.35 per bu, up by 10 cents per bu from the previous month’s estimate.

Soybeans
The USDA projected the season-average soybean price received by producers at $10.10 per bu, down by 10 cents per bu from last month.

Meanwhile, the soybean meal price was at $310 per short ton and soybean oil prices were at 43 cents per lb, unchanged from a month prior.

Wheat
F…