National Ag News
USDA lowers corn, wheat ending stocks estimates
Feb 9, 2017, 12:28 PM
by
System
The USDA has tightened 2016/17 domestic balance sheet projections for corn and wheat.
Corn ending stocks were down 35 million bushels from January at 2.320 billion on expectations for continued strong feed and fuel demand, and wheat ending stocks were lowered 47 million bushels to 1.139 billion thanks to the recent better than anticipated export demand.
Soybean ending stocks were unchanged on the month at 420 million bushels, when most analysts had been expecting a decrease.
Continue reading USDA lowers corn, wheat ending stocks estimates at Brownfield Ag News.
