Tidbits, Grain Stocks, Weather, Biofuel, FOB 6/30/25
- Wright team
- Jun 30
- 4 min read
Tidbits
At 11 AM Central Time today the USDA will release the most important reports of the year. The Grain Stocks report will set the wheat carryover for old crop and the carryin for the new crop marketing year. Those numbers will never change significantly and are unlikely to change at all. The stocks reported for corn and soybeans will be what we have left for the last three months of the corn and soybean marketing years. It will give us a good idea of what the old crop carryout number will be and how important the size of the 2025 crop will be.
The old crop domestic corn carryout was projected by USDA earlier this month to be a 33 day supply, 10 days less than last year and 3 days less than the year before when July corn traded to $8.24 and December corn traded to $7.66. The world new crop corn carryout is already projected tighter than it has been for the past 10 years at a 79 day supply compared to 83 days this marketing year and 94 day supply the last marketing year.
With soybean acres expected to be a million less than 2024 and the old and new crop U.S. soybean carryovers already projected to be less than a 30 day supply, the soybean inventory number is very important for the market.
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