(NAFB.com) – This month’s 2024-2025 U.S. coarse grains outlook is for marginally higher supplies and slightly tighter stocks. A slight increase in corn yields isn’t enough to offset a reduction in beginning stocks driven by strengthening fourth-quarter demand in 2023-2024. For sorghum, higher yields lift the supply forecast and are expected to spur export volumes. Corn and sorghum prices are at parity, with both reduced a dime to $4.10 a bushel. Barley supplies are slightly lower on smaller imports, and there are no changes to the oats supply. In wheat, the European Union yield is forecast at a six-year low, estimated at 124 million metric tons, down to its lowest level since 2018-2019. U.S. wheat production for 2024-2025 is unchanged this month and remains at 1.982 billion bushels, up nine percent from last year. U.S. wheat exports for the current marketing year are unchanged at 825 million bushels with no adjustments in any classes.