KANSAS CITY, Mo. — New crop corn and soybean ending stock estimates were lower than trade expectations in the U.S. Department of Agriculture’s supply and demand report on May 12.

Arlan Suderman, StoneX chief commodities economist, reviewed the latest new crop and old crop balance sheets and his expectations of where the numbers will end up.

The supply and demand estimates used yields from the USDA Ag Outlook Forum in February with U.S. corn averaging 181 bushels per acre and soybeans at 52.5.

What does the balance sheet ending stocks looks like with those yields, as well as prospective planting acres for 2025-2026?

Suderman: For corn, I said they would settle for an ending stocks number below 2 billion bushels. They came in even lower than I expected.

I thought the low end, maybe 1.8

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