The U.S. Department of Agriculture, in the WASDE report of November 2015, shows for the season 2014-15 the estimates of an increasing global production both for corn (974.87 Mio t) and soybean (321.02 Mio t).
U.S. production of corn and soybean is expected to increase respectively by 1.2% and 0.8%, due to an increase of the yield.
Global corn ending stocks are raised +12.8%, with nearly all the increase for China corn.
More than half of the world’s 2015-16 corn ending stocks are expected to be held in China, according to the downward revisions to China corn feeding for 2013-14 through 2015-16.
China corn beginning stocks are raised 18.8 Mio t (+23%) for 2015-16 reflecting the impact of lower estimated feed use for the preceding marketing years.
China corn ending stocks are raised 23.8 Mio t (+26%).