A vice president of a commodity trading company says soybean stocks are nearing historic lows.

Chip Whalen with Commodity and Integrated Hedging said U.S. soybean ending stocks are around 285 million bushels.

“That would be the tightest since the 2015-2016 marketing year,” he said. “And really, getting, historically, quite low.”

He said initially, the stocks were being driven down by bad weather, especially in Iowa, but the focus has shifted to record soybean exports heading to China.

…