July 2025 WASDE
Jul 11, 2025
7-11-25
July WASDE 2025
Corn
No major changes to the 24/25 marketing year carryout, right around trade guess at 1.34 bil bu. However, the 25/26 marketing year carryout was lower than the average trade guess by 60 mil bu.
Soybeans
Carryout for the 24/25 marketing year came in at 350 mil bu, 25/26 carryout was pegged at 310 mil bu. Both estimate right around the average trade guess.
Wheat
No big surprises on the 25/26 domestic wheat carryout either, 890 mil bu vs an average trade guess of 895.
Bottom Line
This report lives up to the July MO of providing no drastic changes to the fundamental picture. Weather, headlines, and demand continue to be what the trade is watching.
Click here to view the report
July WASDE 2025
Corn
No major changes to the 24/25 marketing year carryout, right around trade guess at 1.34 bil bu. However, the 25/26 marketing year carryout was lower than the average trade guess by 60 mil bu.
Soybeans
Carryout for the 24/25 marketing year came in at 350 mil bu, 25/26 carryout was pegged at 310 mil bu. Both estimate right around the average trade guess.
Wheat
No big surprises on the 25/26 domestic wheat carryout either, 890 mil bu vs an average trade guess of 895.
Bottom Line
This report lives up to the July MO of providing no drastic changes to the fundamental picture. Weather, headlines, and demand continue to be what the trade is watching.
Click here to view the report