Newsom on the Market
Darin Newsom DTN Senior Analyst
Thu Sep 12, 2013 01:53 PM CDT

Someday, USDA might actually release its real numbers on 2012-2013 soybean ending stocks. That day was not Thursday, Sept. 12, 2013. The number was left unchanged from August at 125 million bushels, immediately raising eyebrows. The government's own weekly export sales and shipment report showed the U.S. shipping 1.330 billion bushels through the end of the 2012-2103 marketing year, yet the September report showed demand of only 1.315 bb, a difference of 15 mb. Domestic crush demand was increased by 5 mb to 1.690 bb, offset by a like increase in imports to 40 mb. This allowed USDA to keep ...

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