Corn and soybean ending stocks for 2025 are both down from the previous year in the most recent Grain Stocks report from the USDA. However, feed and residual numbers were used to increase corn ending stocks from the last USDA report, which lead to a bearish reaction in the commodity markets. Allendale commodity broker Greg McBride said the final corn stocks number was over 200 billion bushels above the trade guess.
McBride said it is not uncommon for the USDA to use the feed and residual numbers to offset the final stocks.
Soybeans saw slight adjustments in this report, and soybean market prices mostly just followed the corn and wheat markets lower. McBride said the lack of soybean trade with China is making the soybean market extra complicated.
The lack of Chinese trade has a huge impact on soybean ending stocks, and that makes it difficult to find bullish news for soybeans.
Wheat ending stocks are up from a year ago. McBride said wheat production numbers for this crop season have been increased as well, leading to a drop in market prices.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
