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