National Ag News
USDA increases U.S. corn, soybean, wheat ending stocks estimates
Jan 12, 2018, 16:53 PM
by
System
The USDA increased 2017/18 U.S. ending stocks projections for corn, soybeans, and wheat.
2017/18 U.S. wheat ending stocks are seen at 989 million bushels, compared to 960 million in December and 1.181 billion for 2016/17. Imports were raised 5 million bushels to 155 million, putting total supply at 3.076 billion bushels. The seed use guess was lowered 4 million to 62 million bushels, while feed and residual use was slashed 20 million to 100 million bushels, for domestic use of 1.112 billion and total use of 2.087 billion bushels.
