Market News & Headlines >> Grain, Soybean Stocks Seen Up
Tuesday’s quarterly Grain Stocks report from USDA is expected to show March 1 soybean stocks up 35.4% from a year earlier, with stocks of corn and wheat also up from March 2014.
Trade estimates of March 1 soybean stocks average 1.346 billion bushels in a range from 1.273-1.404 billion, compared with March 1, 2014 stocks of 994 million bushels, according to a Reuters News Service survey. March 1 stocks are expected to be down 1.178 billion bushels versus Dec. 1, reflecting strong usage.
March 1 corn stocks, on average, are expected to come in 8.6% above a year earlier. Trade estimates of corn stocks average 7.609 billion bushels in a range from 7.459-7.800 billion bushels compared with the March 1, 2014 stocks of 7.008 billion bushels. March 1 stocks are seen down 3.594 billion bushels from the Dec. 1 level of 11.203 billion bushels.
March 1 wheat stocks, on average are expected to come in 7.9% larger than a year earlier. Pre-report estimates of wheat stocks average 1.140 billion bushels in a range from 1.083-1.200 billion, compared with March 1 2014 stocks of 1.057 billion bushels. March 1 wheat stocks are seen down 385 million bushels from the Dec. 1 level of 1.525 billion.