WASHINGTON — The U.S. Department of Agriculture, in its Feb. 8 World Agricultural Supply and Demand Estimates report, forecast the carryover of U.S. wheat on June 1, 2019, at 1,010 million bus, up 3.7% from 974 million bus as the December forecast but down 8% from 1,099 million bus in 2018.
Corn carryover on Sept. 1, 2019, was forecast at 1,735 million bus, down 2.6% from 1,781 million bus in December and down 19% from 2,140 million bus in 2018.
Soybean carryover on Sept. 1, 2019, was forecast at 910 million bus, down 4.7% from December but up 108% from 438 million bus in 2018.
The 2019 U.S.D.A. carryover forecasts for wheat and corn were above the average of trade expectations but the soybean forecast was slightly below the trade average.