EXTERNAL EXPANSION LIMITED

EXTERNAL EXPANSION LIMITED
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Showing posts with label trade estimates. Show all posts
Showing posts with label trade estimates. Show all posts

Wednesday 26 November 2014

#USA: #Soybean #StocksFall Way Below #TradeEstimates -- #USDA




There are far fewer soybeans stored around the U.S. right now than the trade expected, if USDA's data Tuesday is any indication.
In the agency's quarterly Grain Stocks report, USDA pegged old-crop soybean stocks as of September 1 at 92.0 million bushels, down 35% from a year ago. This falls well short of the average trade analyst estimate of 126 million heading into Tuesday's report. The range for soybean stock estimates was 100 to 150 million bushels, making USDA's 92 million-bushel number sharply bullish... (Read more)

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