May WASDE

The latest WASDE data showed the 2018/19 outlook for US soybeans to reflect higher supplies, crush, exports, and lower ending stocks compared with the 2017/18 crop.  

2018/19 corn use is forecast to decline modestly from a year ago on reductions in domestic use and exports.  However, corn used to produce ethanol is forecast 50 million bushels higher, largely due…