USDA RAISES SOYBEAN CARRYOUT, CUTS SOYBEAN OIL ENDING STOCKS IN NOVEMBER WASDE

In the November World Agricultural Supply and Demand Estimates (WASDE) report, USDA raised its forecast 2018/19 US soybean carryout 70 million bushels to a record 955 million. USDA’s projection was near the upper end of market expectations that ranged from 833 million to 1.01 billion bushels and was 57 million bushels…