USDA Reports Review
Darin Newsom DTN Senior Analyst
Tue Jun 30, 2015 03:36 PM CDT

Those of you who follow DTN analysts know that a constant theme has been the strong demand for soybeans, and corn to a certain degree, through the third quarter of the 2014-2015 marketing year. Yet, heading into the June 30 quarterly Grain Stocks reports, estimates showed an average of 674 million bushels for soybeans. If realized in USDA's numbers, it would imply quarterly demand of only 660 mb, or 17.5%, of total projected demand of 3.761 billion bushels for the marketing year. The 10-year average for Q3 demand comes in at 22%, even counting the 18.1% and 16.9% of the ...

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