USDA's June S&D Numbers 6/12/25

The numbers were:

• Friendly Corn

• Neutral Soybeans

• Friendly Wheat 

40 Minutes After the Report:

• July Corn unchg

• Dec corn -1

• July beans -9

• Nov beans -5

• July CBOT wheat -5

• July KC wheat -2

• Sept Spring wheat +5

Corn exports increased 50 million bushels, no feed use change.

Wheat, Corn, & Soybeans U.S. new crop carryovers all slightly less than expected.

World corn carryover for old & new crop reduced more than 3 million mts.

Nothing in this report changes our marketing recommendations.