USDA REPORT FEATURES NO SIGNIFICANT CHANGES

In its December World Agricultural Supply and Demand Estimates (WASDE) report, USDA forecast 2018/19 US soybean ending stocks at 955 million bushels, which was unchanged from its November projection. In fact, other than a small change in its projected price of soybeans and the adoption Energy Information Administration (EIA) data for soybean oil usage in biofuel…