WASDE Preview

Tore Alden

USDA is scheduled to release its February WASDE report Thursday at 11 a.m. (CT). Analysts’ projections for 2017/18 US soybean ending stocks range from 460 million bushels to 535 million with an average of 486 million. If the average is realized, it would represent a 16-million-bushel increase from USDA’s January projection of 470 million bushels. The anticipated increase in US ending stocks is likely being…