National Ag News
USDA adjustments to supply and demand outlooks
Aug 10, 2017, 16:41 PM
by
System
The USDA’s latest supply and demand report left old crop ending stocks for corn unchanged, while trimming the outlook on soybeans.
2016/17 corn ending stocks held at 2.370 billion with no changes to the balance sheet, while beans were lowered to 370 million bushels on expectations for strong domestic crush demand. The current marketing year for corn and beans runs through the end of August.
The new crop corn ending stocks estimate was lower than a month ago at 2.273 billion bushels following a lower production guess and a higher feed use outlook.
Continue reading USDA adjustments to supply and demand outlooks at Brownfield Ag News.
