USDA REDUCES FORECAST US SOYBEAN OIL ENDING STOCKS, BUT PRICES STILL DECLINE

USDA Report

USDA released its August supply and demand forecasts today and increased its projection of 2017/18 soybean crush by 10 million bushels to 2.04 billion. The increase in crush was partially offset by a slight reduction in its soybean oil yield forecast but USDA still increased its projection of 2017/18…