Given that better information will be coming out at month’s end via the planting intentions and grain stocks reports, USDA economists will focus mainly on U.S. usage and foreign crop prospects. Naturally South American soybeans and corn will be in the forefront, but several other countries have been in the news recently as well.
Bloomberg's survey of analysts shows average estimates not far different from the February report, with corn ending stocks at 1.831 billion, up from 1.827 billion; soybeans at 377 million, down from 385 and wheat at 703 million, up from 692 due to weak exports.
AgWeb.com will have full coverage of USDA's March 10 Crop Production and World Agricultural Supply and Demand Estimates report following the 11 a.m. CDT release.
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