Managing for Profit
Shrinking global supplies
December 14, 2020 By Mark Dorenkamp Filed Under: Managing For Profit
A market analyst says what stood out the most to him in Thursday’s USDA World Agricultural Supply and Demand Estimates is the fact that globally, in every category, ending stocks are getting smaller.
Kent Beadle with CHS Hedging tells Brownfield the soybean carryout was slashed again, despite exports being untouched on the month.
And he suggests the USDA might be waiting until the January WASDE to revise those estimates.
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