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Most of this reduction in stocks is expected to take place outside of China.
U.S. cotton supply and demand estimates include slight revisions, resulting in an increase of 300,000 bales in forecast ending stocks.
Strong warming to raise soil temps across the Corn Belt.
State corn and soybean weather and condition report highlights.
Many areas of the Corn Belt are in need of rain to improve soil moisture reserves.
Says bottom line is what’s important -- beef is safe.
Lowers crop estimate by 2 million metric tons.
Showers also are benefiting winter wheat on the Plains.
Report to show On Feed at 102% of year-ago, which is below last month’s level.