National Ag News
USDA reduces U.S. corn ending stocks estimate
Feb 8, 2018, 12:24 PM
by
Admin B
The USDA has tightened the domestic balance sheet for corn, while raising wheat and soybean ending stocks projections.
For the current 2017/18 marketing year, corn ending stocks were lowered 125 million bushels from January, now at 2.352 billion bushels, on expectations for improved export demand. Ahead of the report, the average estimate was for a 10 million bushel month to month reduction.
Soybean ending stocks saw a larger than anticipated increase, up 60 million bushels to 530 million, on a reduced export outlook.
Continue reading USDA reduces U.S. corn ending stocks estimate at Brownfield Ag News.
