The USDA raised its 2016/17 domestic soybean ending stocks estimate while tightening the balance sheet for wheat and leaving corn unchanged on the month.
Soybean ending stocks were up 15 million bushels from February at 435 million with a reduced export projection cancelling out a bigger domestic crush guess. Wheat ending stocks were lowered 10 million bushels to 1.129 billion with the USDA reducing its import estimate by 10 million bushels.
Continue reading USDA raises U.S. soybean ending stocks estimate at Brownfield Ag News.
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