The USDA has tightened the old and new crop ending stocks estimates for soybeans and corn.
The month to month change for old crop corn was bigger export demand guess and for soybeans, it was a higher domestic crush projection. On new crop corn, USDA lowered the feed use guess, but increased the ethanol use estimate, and on new crop beans, the only changes were that adjustment to the old crop carryover and a slightly higher domestic crush guess.
Continue reading USDA lowers U.S. corn, soybean carryover projections at Brownfield Ag News.
