National Ag News

The USDA has tightened the domestic balance sheets for soybeans and corn in the first major set of numbers since the shutdown. Corn ending stocks were down slightly from December with a lower 2018 production total and reduced expectations for ethanol use, while soybeans were also modestly lower on a smaller crop and lower export demand. Wheat ending stocks were up from the previous report because of lower domestic use projections.

The delayed 2018 production total for corn was below most analysts estimates following a bigger than expected cut to the average yield figure, while soybeans were close to expectations, but down from December, with both beans and corn seeing an impact from the late harvest in many areas.

Continue reading USDA lowers U.S. corn, soybean ending stocks at Brownfield Ag News.