USDA tightens U.S. corn, soybean ending stocks

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USDA tightens U.S. corn, soybean ending stocks

Lower production estimates contributed to tighter
2019/20 ending stocks projections for U.S. corn and soybeans.

The USDA currently has corn ending stocks at 1.929 billion bushels, down 261 million on the month, with a lower production guess, tighter beginning stocks, and higher feed use against lower ethanol and export demand. The average farm price was up $.20 from September at $3.80 per bushel.

Soybean ending stocks were slashed to 460 million bushels on smaller production and beginning stocks estimates, along with a higher crush use guess.

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

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