U.S. corn and soybean supplies have been building to multi-decade highs over past year
Agriculture market participants know that U.S. corn and soybean supplies have been building to multi-decade and even record highs over the past year, reportsReuters.
Monday’s data from the U.S. government will likely cement that, and then analysts can finally look ahead to the supply cuts expected over the next year.
Sept. 1 corn stocks, estimated by analysts at 2.428 billion bushels, would be the highest for the date since 1988.
Soybean stocks, predicted at 982 million bushels, blow away 2007’s record of 574 million.
Read the full report atReuters.
US Corn Price Idx:ZCPAUS.CM
open: 7.1569
high: 7.1769
low: 7.0383
close: 7.0879
US Soybean Price Idx:ZSPAUS.CM
open: 16.1261
high: 16.1761
低:15.932
close: 16.0968
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.8973
high: 10.0473
low: 9.7533
close: 9.8922
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 9.693
high: 9.8817
low: 9.5537
close: 9.6458
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