National Ag News
USDA raises U.S. soybean, wheat ending stocks projections
Apr 11, 2017, 12:46 PM
by
System
The USDA has increased its domestic ending stocks estimates for soybeans and wheat.
Soybeans are now projected at 445 million bushels, 10 million more than in March, with a bigger seed use guess and expectations for lower rates of uncategorized or residual use. Wheat stocks came out 1.159 billion bushels, up 30 million on the month because of a lower feed and residual use estimate. Corn was unchanged at 2.320 billion bushels with a lower feed use guess cancelling out a higher ethanol use projection.
Continue reading USDA raises U.S. soybean, wheat ending stocks projections at Brownfield Ag News.
