News

Small changes expected to U.S. ending stocks

 

Ahead of USDA’s supply and demand report Tuesday, analysts expect modest changes to 2014/15 U.S. ending stocks estimates.

According to Bloomberg, corn ending stocks are expected to be up slightly from February with lower feed and residual use cancelling out solid export demand. The average estimate is 1.831 billion pounds, compared to 1.827 billion in February.

Soybeans could be down on the month, depending on USDA’s view of export potential, with the average guess at 377 million bushels. February’s report had soybean ending stocks at 385 million bushels.

Wheat ending stocks are expected to be up from a month ago because of slow export demand, with a pre-report estimate of 703 million bushels, compared to 692 million last month.

USDA will also be updating world supply and demand estimates, including South American corn and soybean production figures.

The report is out Tuesday, March 10th at Noon Eastern/11 AM Central.