This week’s U.S. Department of Agriculture World Agricultural Supply and Demand report has done little to shake up the corn and soybean markets.
The report showed the U.S. ending corn stocks falling slightly, but still at about 1.9 billion bushels.
The ending stocks for soybeans are forecast at 425 million bushels, with exports increased by about 50 million bushels compared with the last report. But it says the soybean market is expected to remain tight, as the new Brazilian crop is expected to be a record 4.6 billion bushels.
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