SLOWER THAN EXPECTED EXPORTS COULD DRIVE INCREASE IN USDA ENDING STOCKS FORECAST

Tore Alden

USDA is scheduled to release its December WASDE report Tuesday at 11 a.m. (CT). Market expectations for USDA’s 2017/18 soybean ending stocks forecast range from 425 million to 486 million bushels. The average projection of 438 million bushels, if realized, would represent a 13-million-bushel increase from USDA’s November forecast of 425 million bushels…