USDA Reports Flash

By DTN Staff

OMAHA (DTN) -- USDA on Friday released its January Crop Production, World Agricultural Supply and Demand Estimates (WASDE) Dec. 1 Grain Stocks and Winter Wheat Seedings reports.

USDA pegged final national average corn yield at a record 177.3 bushels per acre (bpa), well above the range of pre-report expectations. Production was pegged at 15.34 billion bushels (bb).

Soybean yields also climbed to a national average of 50.6 bpa. Production clocked in at 4.17 bb.

Stay tuned throughout the morning and refresh this page often as we will be sending a series of updates with the important highlights from today's reports, including commentary from our analysts.

You can also access the full reports here:

-- Crop Production: https://www.nass.usda.gov/…

-- World Agricultural Supply and Demand Estimates (WASDE): http://www.usda.gov/…

**

Editor's Note: Join DTN Lead Analyst Todd Hultman at 12:30 p.m. CST on Friday, Jan. 12, for a look at what the day's numbers mean for grain prices. To register, visit: https://www.dtn.com/…

U.S. PRODUCTION (Million Bushels) 2023-24
	Jan	Avg	High	Low	Dec	2022-23
Corn	15,341	15,221	15,330	15,068	15,234	13,715
Soybeans	4,165	4,123	4,162	4,074	4,129	4,270
WINTER WHEAT ACREAGE (million acres) 2024-25
	Jan	Avg	High	Low		2023
All Winter	34.4	35.9	39.4	34.5		36.7
Hard Red	24.0	25.2	27.3	24.0		25.7
Soft Red	6.9	7.1	8.6	6.2		7.4
White	3.5	3.6	3.8	3.4		3.6
QUARTERLY STOCKS (million bushels)
	12/1/23	Avg	High	Low	9/1/23	12/1/22
Corn	12,169	12,010	12,380	11,070	1,361	10,821
Soybeans	3,000	2,982	3,039	2,950	268	3,021
Wheat	1,410	1,383	1,459	1,272	1,780	1,312
U.S. ENDING STOCKS (Million Bushels) 2023-24
	Jan	Avg	High	Low	Dec	2022-23
Corn	2,162	2,105	2,253	1,961	2,131	1,361
Soybeans	280	239	270	215	245	268
Wheat	647	658	681	630	659	582
WORLD ENDING STOCKS (million metric tons) 2023-24
	Jan	Avg	High	Low	Dec
Corn	325.2	313.9	318.0	310.0	315.2
Soybeans	114.6	112.2	115.0	110.0	114.2
Wheat	260.0	258.3	261.1	257.0	258.2

(c) Copyright 2024 DTN, LLC. All rights reserved.