The USDA reports soybean, corn, and wheat stocks on September 1st were larger than what many analysts were expecting. Adjustments are probable in the coming months, but for now, the corn and soybean numbers are effectively beginning stocks for the 2018/19 marketing year, which started September 1st.
Soybean supplies were reported at 438.105 million bushels, 45% larger than last year, with slower than expected fourth quarter demand because of trade tensions with China, along with a revision to 2017 production.
Continue reading Quarterly grain stocks top most estimates at Brownfield Ag News.
