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USDA June Inventory Numbers 6/30/23

Inventory of corn, wheat and beans less than expected.

35 Minutes after Report was released:

  • July corn down -14

  • December corn -17

  • July beans up 82

  • November beans up 83

  • Sept CBOT wheat down 9

  • Sept KC wheat up 11

  • Sept Spring wheat down 9

No change for our pricing recommendations. We may raise the new crop bean projection.

The USDA reported this morning the sale of 132,000 mts of new crop soybeans to China.


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