Many market analysts are projecting tighter domestic corn and soybean ending stocks ahead of next Tuesday’s USDA numbers.
Demand, especially export demand from China, has been a big feature during the first quarter of the marketing year for soybeans and corn, pulling carryout projections lower over the course of the past several months at a faster rate than almost any other marketing year.
Ahead of the report, Allendale Incorporated sees corn ending stocks at 1.434 billion bushels, down more than a quarter million from December and about a half a million lower than where the previous marketing year ended.