June WASDE 2025
Jun 12, 2025
6-12-25
June WASDE 2025
Corn
The 24/25 US carryout was lowered by 50 mln bu to 1.365 bil. Projected carryout for the 25/26 marketing year was also lowered 50 mln bu to 1.75 bil. No changes to South American production this month.
Soybeans
No changes to projected carryout on either the 24/25 or 25/26 marketing year. No changes to South American production.
Wheat
The USDA left the All wheat production unchanged for the 25/26 marketing year, carryout lowered slightly by 25 mln bu. World wheat carryout for the 25/26 marketing year was lowered by around 3 MMT.
Bottom Line
This report was a nothing-burger. One would have surmised there wasn’t even a report today based on price action. The June 30th planting and quarterly stocks report will be highly anticipated. Back to watching weather and headlines.
Click here to view the report
June WASDE 2025
Corn
The 24/25 US carryout was lowered by 50 mln bu to 1.365 bil. Projected carryout for the 25/26 marketing year was also lowered 50 mln bu to 1.75 bil. No changes to South American production this month.
Soybeans
No changes to projected carryout on either the 24/25 or 25/26 marketing year. No changes to South American production.
Wheat
The USDA left the All wheat production unchanged for the 25/26 marketing year, carryout lowered slightly by 25 mln bu. World wheat carryout for the 25/26 marketing year was lowered by around 3 MMT.
Bottom Line
This report was a nothing-burger. One would have surmised there wasn’t even a report today based on price action. The June 30th planting and quarterly stocks report will be highly anticipated. Back to watching weather and headlines.
Click here to view the report
