The February USDA Supply and Demand Report is typically not a big market mover, but U.S. Commodities President Don Roose says recent demand will have traders watching ending stocks closely. “Exports should go up on corn and soybeans and the crush number should probably go up on soybeans.” Corn does have a little better cushion, but supplies are tightening. “That is quickly eroding as more people are talking about ending stocks around one billion.” The report will be released February 9.
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