The Ag Forum has new crop endings stocks for corn, soybeans, and wheat expanding during the 2024/25 marketing year. Corn could be 2.5 billion and 18% stock to usage. Bearish! Soybeans at 87.5mm acres, a 52 yield, and 400 carryout is neutral but prices are still historically elevated. Wheat acres are lower but a higher yield increases ending stocks to around 700mm. Moral of the story is the grain and oilseed markets are transitioning from tight/adequate stocks levels to adequate/burdensome stock levels.For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter (https://bit.ly/GrainsOilseedPodcast).Also make sure to follow me on twitter (x) here: @CornWheatSoy (https://twitter.com/CornWheatSoy)Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers (https://subscribe.stonex.com/grains_oilseeds_with_craig_turner_premium_for_producers)Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phoneCLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX (https://newaccount.gainfutures.com/CreateAccount?wlid=357&scodeid=209&brokerid=2107)Craig Turner – Commodity Futures
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