US 2014-15 corn carryover up 75 million bushels
WASHINGTON – The US Department of Agriculture in its July 11 World Agricultural Supply and Demand Estimates projected carryover of corn in the United States on Sept. 1, 2015, at 1,801 million bushels, up 75 million bushels from June and up 555 million bushels, or 45 percent, from 1,246 million bushels forecast for Sept. 1, 2014. The USDA 2015 projection was above the trade average forecast of 1,773 million bushels, and the 2014 number was above the trade average of 1,225 million bushels.
US soybean carryover on Sept. 1, 2015, was projected at 415 million bushels, up 90 million bushels, or 28 percent, from 325 million bushels projected in June and up 275 million bushels, or 196 percent, from 140 million bushels forecast for Sept. 1, 2014. The USDA 2015 projection was above the trade average forecast near 408 million bushels and the 2014 number was above the average expectation of 130 million bushels.
World corn ending stocks were projected at 188.05 million tonnes for 2014-15 compared with 182.65 million tonnes projected in June and 173.42 million tonnes in 2013-14.
World soybean ending stocks for the next marketing year were projected at 85.31 million tonnes compared with 82.88 million tonnes in June and 67.24 million tonnes in 2013-14.