USDA’s quarterly grain stocks report is due out one week from today. On ag economist predicts soybeans ending stocks will be historically low.
Ben Brown with the University of Missouri says that the “stocks to use” ratio of 2.6 percent is marginally smaller than a record set, seven-year ago. This quarter has been good for soybeans with usage well over the five-year average.
Any surprises on this report could mean big market moves ahead. If numbers align with USDA, there might be soybean shortages nationwide, leading to strong imports.