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USDA forecasts lower 2020 wheat carryover

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Dec 11, 2019 at 02:15 PM CST
WASHINGTON, D.C., U.S. — The U.S. Department of Agriculture in its Dec. 10 World Agricultural Supply and Demand Estimates report projected the carryover of all wheat on June 1, 2020, at 974 million bushels, down 40 million bushels, or 3.9%, from the November projection, down 106 million bushels, or 10%, from 1.080 billion bushels in 2019 and the lowest in five years. Corn and soybean 2020 carryover forecasts were unchanged from November.

Dec 11, 2019 at 02:15 PM CST

WASHINGTON, D.C., U.S. — The U.S. Department of Agriculture in its Dec. 10 World Agricultural Supply and Demand Estimates report projected the carryover of all wheat on June 1, 2020, at 974 million bushels, down 40 million bushels, or 3.9%, from the November projection, down 106 million bushels, or 10%, from 1.080 billion bushels in 2019 and the lowest in five years. Corn and soybean 2020 carryover forecasts were unchanged from November.