U.S. farmers will grow record large corn and soybean crops in 2023, according to the USDA’s World Agricultural Supply and Demand Estimates (WASDE) report re­­leased May 12.

The USDA also projected greater domestic use and exports and higher ending stocks for corn, as well as larger soybean supplies, crush and ending stocks, and reduced soybean exports.

The U.S. corn crop is projected at a record 15.3 billion bushels in 2023, up more than 10% from last year.  Beginning stocks are up slightly, with total corn supplies...