June ’16 USDA Stocks Report
Corn – Bearish
o Projection of 4.72 billion was well above expectations with average trade estimate at 4.53 billion.
Soybeans – Bearish
o Projection of 870 million was above expectations verse average estimates of 829 million.
Wheat – Neutral
o Projections were near expectations at 981 million bushels.
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June ’16 USDA Stocks Report