Feb 7, 2012

USDA Seen Cutting Corn, Soybean Ending Stocks

The consensus in the grain trade is that USDA should cut its estimate of the 2011-2012 U.S. corn carryout by nearly 6% in Thursday’s monthly supply/demand update. The trade is also anticipating a small cut in the U.S. soybean carryout amid prospects for better U.S. soybean exports due to South American crop reductions and a recent pick-up in U.S. wheat export sales....More

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