The USDA made minor adjustments to old and new crop U.S. ending stocks estimates. USDA lowered the old crop crush demand guess for soybeans, which pushed old and new crop ending stocks estimates slightly higher, and there were no changes for corn. The current marketing year for beans and corn runs through August.
New crop wheat ending stocks were up on the month, with the USDA raising estimates for imports and last year’s crop.
Continue reading Not a lot of changes to USDA corn, soybean balance sheets at Brownfield Ag News.
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