U.S. Department of Agriculture
Attache left its import forecasts unchanged, which represent increases from year-ago.
It also anticipates a slight increase in USDA’s bean production peg.
Meanwhile, rain is falling in the Pacific Northwest and will arrive in the northern Plains during the second half of the week, USDA says.
Much larger-than-expected ending stocks of both corn and soybeans will pressure prices lower.
Stocks of the country’s two largest crops—corn and soybeans—are still historically low, but that’s about to change.
Text highlights from USDA September WASDE report.
Unseasonal wetness a concern to maturing winter wheat in Brazil.
Text highlights from USDA’s August 2013 Supply and Demand Estimates Report.
See which states have the healthiest crops with USDA’s Aug. 5 crop progress and condition ratings.
See which states have the healthiest crops with USDA’s July 21 crop progress and condition ratings.