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February 12, 2020 | Successful Farming
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USDA Tightens US Soybean Stockpiles

CME Group’s farm markets trade mixed

The U.S. soybean stockpile dwindles, according to the USDA Tuesday, reports Successful Farming.

As a result, the CME Group’s farm markets trade mixed.

In its report, the USDA pegged the U.S. 2019/2020 corn ending stocks at 1.892 billion bushels vs. the trade’s expectation of 1.864 billion and the USDA’s January estimate of 1.892 billion.

For soybeans, the U.S. 2019/2020 ending stocks are seen at 425 million bushels vs. the trade’s expectations of 443 million and the USDA’s January estimate of 475 million.

The U.S. 2019/2020 wheat ending stocks were pegged at 940 million bushels vs. the trade’s expectation of 952 million bushels and the USDA’s January estimate of 965 million.

See the full report at Successful Farming.

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