WASDE numbers mostly steady
Author
Published
3/16/2020
The U.S. Department of Agriculture (USDA) opted to leave corn and soybean ending stocks unchanged from the February release. This kept ending stocks estimates at 1.892 billion bushels for corn and 425 million bushels for soybeans.
While not unexpected to be held steady this month, many analysts are predicting demand reductions in future balance sheets as weekly sales start to slow. The USDA did lower the average cash prediction for corn and soybeans by 5 cents each.
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