U.S. Soybean Exports Closer to USDA Targets than Corn
Corn and soybean exports are seen hitting seven- and six-year lows in 2019-20, respectively
There are fewer than eight weeks left in the 2019-20 U.S. marketing year, and soybean exports appear more likely to meet the U.S. government’s full-year prediction than those for corn, reports Reuters.
U.S. corn and soybean exports are seen hitting seven- and six-year lows in 2019-20, respectively, though the exact outcome will be important for setting the starting supply levels for 2020-21, which begins on Sept. 1.
The U.S. Department of Agriculture will publish its next monthly supply and demand report on Friday at noon EDT (1600 GMT), and U.S. corn and soybean inventories are in for some changes following the agency’s quarterly stocks and acreage reports from June 30.
Read the full report here.