U.S. Corn/Soybean Stocks Tighten

The December 1 stocks of U.S. corn and soybeans were below what the trade was expecting, but wheat stocks were slightly larger than anticipated. With a smaller crop, the 2024-2025 ending stocks were also well below what analysts predicted. Corn exports were cut back, while soybean exports were unchanged. The wheat carryout was little changed from last month. USDA made no changes to South American production.