The USDA increased its 2017/18 U.S. corn and wheat ending stocks estimates, while tightening the balance sheet on soybeans.
For wheat, the month to month increase from 933 million bushels to 960 million was on a slightly higher production estimate and lower feed use guess, since the USDA anticipates there will be plenty of corn available for feed. World wheat ending stocks are pegged at 268.13 million tons, up a little less than 5 million on the month.
Continue reading October supply and demand highlights at Brownfield Ag News.
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