Grain stocks getting tighter
In its monthly World Agricultural Supply and Demand Estimates (WASDE) report issued last week, the U.S. Department of Agriculture (USDA) cut soybean ending stocks by 25 million bushels and trimmed corn ending stocks by 105 million bushels.
U.S. corn ending stocks, now forecast at 1.577 billion bushels for the 2018-2019 crop year, would be the lowest level since the 2013-2014 crop year, Market Watch reported.
U.S. beginning corn stocks were down in the report, largely reflecting a 75-million-bushel increase in projected exports for 2017-18 to 2.3 billion bushels. If realized, exports would be...
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