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USDA Report Flash
Wednesday, February 8, 2023 11:04AM CST

This article was originally posted at 11:01 a.m. CST on Wednesday, Feb. 8. It was last updated with additional information at 11:04 a.m. CST on Wednesday, Feb. 8.

**

OMAHA (DTN) -- USDA on Wednesday released its February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

USDA left Brazilian crop forecasts unchanged at 153 million metric tons (mmt) of soybean production and 125 mmt of corn. It trimmed Argentina's soybean crop estimate by 4.5 mmt to 41 mmt and its corn estimate by 5 mmt to 47 mmt.

Stay tuned throughout Wednesday morning and refresh this page often as we will be sending a series of updates with the important highlights from today's reports, including commentary from our analysts.

You can also access the full reports here:

-- Crop Production: https://www.nass.usda.gov/…

-- World Agricultural Supply and Demand Estimates (WASDE): http://www.usda.gov/…

**

Editor's Note: Join DTN Lead Analyst Todd Hultman at 12:30 p.m. CDT on Wednesday, Feb. 8, for a look at what the day's numbers mean for grain prices. To register, visit: https://www.dtn.com/…

WORLD PRODUCTION (million metric tons) 2022-23
Feb Avg High Low Jan 2021-22
CORN
Argentina 47.0 48.1 51.5 44.0 52.0 49.5
Brazil 125.0 125.3 129.9 124.0 125.0 116.0
SOYBEANS
Argentina 41.0 41.5 45.0 38.0 45.5 43.9
Brazil 153.0 153.1 154.2 152.0 153.0 129.5
U.S. ENDING STOCKS (Million Bushels) 2022-23
Feb Avg High Low Jan 2021-22
Corn 1,266 1,264 1,335 1,075 1,242 1,377
Soybeans 225 210 225 176 210 274
Wheat 568 579 612 557 567 698
WORLD ENDING STOCKS (million metric tons) 2022-23
Feb Avg High Low Jan 2021-22
Corn 295.3 295.0 298.0 291.0 296.4 306.0
Soybeans 102.0 101.6 103.9 97.4 103.5 98.2
Wheat 269.3 270.8 289.5 267.4 268.4 276.8

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