(NAFB.com) – The USDA released its September World Agricultural Supply and Demand Estimates Report that says this month’s 2024-2025 corn outlook is for smaller supplies and a modest decline in ending stocks. Projected beginning stocks are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023-2024. The season-average corn price received by producers was lowered ten cents to $4.10 per bushel. U.S. soybean supply and use changes for 2024-2025 include lower beginning stocks, production, and ending stocks. Lower beginning stocks reflect a slight increase in crush during the prior marketing year. Ending stocks are predicted to be at 550 million bushels, down 10 million from last month. The U.S. season-average price for soybeans is unchanged from the previous forecast at $10.80 per bushel. The 2024-2025 U.S. wheat outlook is quiet relative to last month. The projected season-average farm price for wheat remains steady at $5.70 a bushel.