WASHINGTON (RFD-TV) — The U.S. Department of Agriculture (USDA) released its Final Grain Stocks Report on Tuesday, providing key figures that may be the last we see if a government shutdown halts future updates.
| Commodity | Estimates | Trade Guess |
| Corn | 1.53 BB | 1.34 BB |
| Soy | 316 MB | 323 MB |
| Wheat | 2.12 BB | 2.04 BB |
While soybean growers work to bring in this year’s crop, selling it remains a challenging task. The American Soybean Association warns that the U.S. is losing competitiveness after China recently turned to Argentina for supplies.
“If we can be competitive with beans, we can get them moved like they did with Argentina,” says ASA Vice President Scott Metzger. “Those could’ve easily been our beans going over there. It shows that if that opportunity is there, China is willing to buy.”
The grain trade says the numbers underscore broader concerns as China steps back from U.S. purchases. The National Corn Growers Association calls the situation a “four-alarm fire” and is urging Congress to act quickly to remove market barriers.
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Wheat futures briefly hit a three-month high before retreating as the markets wait for word on whether the deal will actually happen.
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