*Significant changes are highlighted ’15/’16 Corn • No significant changes ’16/’17 Corn • Production was revised 36 million bushels lower on a bushel drop in yield. • Exports were increased by 50 million. • Ending stocks at 2.32 billion bushels or 58.3 days of use was in line with private estimates. ’15/’16 Soybeans • No significant changes ’16/’17 Soybeans • Production was revised up an additional 68 million bushels on record yields and in line with estimates. • Higher production offset increase in exports by 40 million bushels. • Ending stocks at 395 million bushels or 35.2 days of use was slightly below private estimates. ’15/’16 Wheat • No significant changes. ’16/’17 Wheat • Feed and residual usage declined by 70 million bushels offsetting slightly less production. • Ending stocks at 1,138 million bushels was slightly below private estimates. World Estimates • South American soybean production was revised higher for the coming production season with Brazil forecasted at record levels pushing ending stocks higher and above expectations. • US broiler production is revised lowered moving forward for Q4 ’16 and into 2017 offsetting higher pork and beef output. Click below to download the report. October 16 USDA World Agriculture Supply and Demand Estimates