March 1 #corn stocks come in slightly below expectations while those for #soybeans just a bit above. #Wheat stocks came in higher than the trade guess. 
Versus what was reported in January, December 1 stocks came in:
#Corn 28 million bushels lighter
#Soybeans 13 mln bu heavier
#Wheat 29 mln bu heavier
No change to Sept. 1 stocks! 🥳
#Corn 28 million bushels lighter
#Soybeans 13 mln bu heavier
#Wheat 29 mln bu heavier
No change to Sept. 1 stocks! 🥳
Just a quick table to show how these Dec. 1 revisions compare with prior years. Lighter on corn than last year but heavier than usual on both soy and wheat.
USDA has confirmed via #StatChat on Twitter that the Dec. 1 adjustments stemmed from late/updated reporting, which is the most common reasoning for past revisions.
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