Todd Hultman DTN Grains Analyst
Fri Apr 4, 2014 10:51 AM CDT

In case you haven't been watching the grain markets lately, current supplies of soybeans are tight -- REALLY tight. They are so tight that even though USDA is estimating one of the lowest ending stocks-to-use ratios in history at 4.4%, the actual situation may be even leaner as exports on the books are already 105 million bushels above USDA's estimate for the marketing year.

Soybeans' typical demand pattern is one-third of U.S. soybean supplies disappear in the second half of the season. This year, however, USDA's March 31 grain stocks report showed 71% of U.S. soybean supplies are already gone.


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