On Tuesday, the USDA released updated estimates on U.S. Quarterly Grain Stocks as of March 1, reports Successful Farming.
For corn, U.S. March 1 stocks were estimated at 7.95 billion bushels vs. the trade’s expectation of 8.12 billion bushels.
For soybeans, U.S. stocks, as of March 1, were pegged at 2.25 billion bushels vs. the trade’s expectations of 2.24 billion.
The U.S. wheat stocks were estimated at 1.14 billion bushels vs. the trade’s expectations of 1.43 billion.
