Wednesday, June 12, 2024

Lower old-crop soybean, corn numbers forecast

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WASHINGTON — A new report from USDA provides the first projections for the 2014-15 crop marketing year. But the more compelling story in the latest World Agriculture Supply and Demand Estimate is in the old-crop soybean and corn stock numbers, according to the American Farm Bureau Federation.

Ending stocks for old-crop soybeans were reduced by 5 million bushels to a projected 130 million bushels. This is a projected stocks-use ratio of 3.8 percent or about a 14-day supply of soybeans available at the end of the 2013-14 marketing year.

"If the projections are realized. . .

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