The US Department of Agriculture in its June World Agricultural Supply and Demand Estimates (WASDE) report marginally raised from May its forecasts for domestic wheat, corn and soybean supplies for 2023-24. For wheat, the only one of the three major US crops in the 2023-24 marketing year (since June 1), a 6-million-bushel increase in 2023 production forecast at 1.136 billion bushels was carried through to the same increase for carryover on June 1, 2024, forecast at 562 million bushels. There were no changes from May to forecast 2023-24 wheat domestic use or exports. The average price of wheat paid to farmers in 2023-24 was forecast at $7.40 per bushel, down 30¢ from May and down $1.15, or 13%, from 2022-23.