This month’s World Agriculture Supply and Demand Estimate Report is calling for higher corn production, lower soybeans, and a slight jump in wheat production.

The corn crop is projected at 15 billion bushels, up from last year and the second-highest on record.

Lower exports will mean higher ending stocks, with total corn supplies at a record-high of 17.2 billion bushels.

The season-average farm price for corn is projected to be $3.30 a bushel. The U.S. soybean crop is projected at 4.15 million bushels, 394 million lower than last year.

U.S. export share is expected to rise to 35 percent from the record low of 32 percent because of higher supplies and competitive prices. Soybean ending stocks are projected at 970 million bushels, a drop of 25 million.

The season-average price for soybeans is projected at $8.10 a bushel.

The U.S. wheat crop is projected to be 1.897 million bushels, up less than one percent from last year.

Wheat supplies are increased by 41 million bushels because of higher carry-in stocks and larger production. The projected season-average price is $4.70 a bushel.