February WASDE Release

Tore Alden

USDA raised its 2017/18 US soybean carryout forecast 60 million bushels to 530 million its monthly supply and demand projections released today at 11 a.m. (CT). The increase in its ending stocks projection was the result of a decrease in USDA’s 2017/18 export forecast, which was reduced to 2.1 billion bushels from…