You know the feeling of eating to the point your mind goes numb, so you eat a little bit more? Domestic and global stocks of grain are looking at the same situation.
USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CST Tuesday.
U.S. ENDING STOCKS
Average pre-report estimates for domestic ending stocks show slight increases for all three major grains (corn, soybeans and wheat). Most likely, these gains will come from decreases in demand with the latest weekly export shipment report showing marketing-year totals for soybeans trailing last year ...