(NAFB.com) – The World Ag Supply and Demand Estimates from USDA show the 2023-2024 U.S. corn outlook calling for higher exports and lower ending stocks. Exports rose 25 million bushels to 2.1 billion, reflecting the pace of sales and shipments to date. Corn ending stocks dropped 25 million bushels to 2.1 billion. The season-average corn price is unchanged at $4.85 a bushel. Soybean supply and use projections are unchanged from November, and the season-average soybean price forecast remains $12.90 a bushel. USDA reduced Brazil’s soybean production by two million tons to 161 million because of dry weather. The U.S. wheat outlook is for unchanged supplies and domestic use, higher exports, and reduced ending stocks. Exports rose 25 million bushels to 725 million. All-wheat ending stocks dropped 25 million bushels to 659 million, 13 percent above 2022. The season-average farm price is up a dime per bushel at $7.30 on lower projected ending stocks.