A Reduction in Ending Stocks Expected in USDA Report

The February USDA report will be released tomorrow. The Gulke Group President Jerry Gulke says market analysts are looking for USDA to reduce ending stocks due to the strong demand. “When there are these big exports for soybeans, there’s already been an improvement in the soybean carryout. We don’t have to ship many more per week to meet the objective of USDA. It’s the same thing in corn. They lowered the exports last month and USDA may have to add them back on due to the exports to China. The market is anticipating more supporting news.” The report will be out at 11 a.m. central.