USDA leaves U.S. soybean exports unchanged, for now

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The USDA has raised domestic ending stocks projections for corn and wheat more than what many analysts were expecting, while making no changes for U.S. soybeans.

The department reduced its corn for ethanol estimate after first quarter use declined for the first time since 2012 and wheat exports were lowered to reflect the slow pace of sales halfway through the marketing year.

U.S. soybean ending stocks were unchanged on the month as trade uncertainties with China continue and the outlooks for Brazil’s new crop and exports were higher.

Continue reading USDA leaves U.S. soybean exports unchanged, for now at Brownfield Ag News.

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