USDA SURPRISES MARKET WITH LARGER-THAN-EXPECTED SEPTEMBER 1 STOCKS AND INCREASE IN 2017/18 US SOYBEAN PRODUCTION

In its quarterly Grain Stocks report released Friday, USDA reported soybean stocks as of September 1 totaled 438 million bushels, which was well above market expectations of 401 million bushels. September 1 US stocks were up 136 million bushels from last year and were the highest total since…