Tidbits, April S&D, Inflation, Brazil Crops, Drought Monitor, Export Sales 4/11/25
- Wright Team
- Apr 11
- 5 min read
Highlights
The biggest news piece from yesterday’s S&D was the USDA increased corn exports by 100 million bushels. As many expected, the corn for feed was reduced by 25 million bushels, so the carryout was reduced by 75 million bushels, which took the carryout from a 37 day supply to a 35 day supply. The market expected a 30 million bushel reduction in the corn carryout.
USDA did not change any of the corn or soybean production numbers for Brazil, Argentina, or Paraguay. Study the attached S&D sheet for a complete picture of how the USDA sees the corn, wheat and soybean situation.
U.S. wheat carryover added 7 days and rose to 157 days supply. The wheat production of the world’s wheat exporters was reduced 240,000 mts to 313.63 million mts, but wheat usage was reduced by 1.36 million mts, resulting in slight increase in the world wheat carryover.
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