Market News

Analysts expect tighter corn, soybean supplies

USDA’s supply and demand report Wednesday is expected to show tighter supplies of corn and soybeans.

According to Dow Jones Newswires, the average estimate for corn ending stocks is 1.403 billion bushels, compared to 1.456 billion in March. Soybeans are seen at 139 million bushels, compared to 145 million last month. Wheat’s expected to be around 581 million bushels, compared to 558 million a month ago.

USDA will also be updating world supply and demand estimates, including corn and soybean production for Argentina and Brazil.

The report is out Wednesday, April 9 at Noon Eastern/11 AM Central.