USDA s March World Agricultural Supply and Demand Estimates (WASDE) report on Friday may adjust some U.S. export estimates and should lower USDA s high production estimates for Brazil s corn and soybeans, but may not offer many other changes.
USDA s Grains and Oilseeds Outlook for the upcoming 2024-25 marketing year sees the highest corn ending stocks since the 2005-2006 season, while the soybean stocks are forecast to increase 120 million bushels. Prices are forecast to average $4.40 per bushel of corn and $11.20 per bushel of soybeans.