An ag economist is predicting historically low March 1st soybean ending stocks ahead of USDA’s Grain Stocks Report.
Ben Brown with the University of Missouri tells Brownfield usually the Prospective Plantings Report gets all the attention in March, but he says there could be some surprises for soybean ending stocks.
“We are looking at a soybean stocks to use ratio of about 2.6% which is marginally smaller than the record set in 2013-2014.”
He says it has been a very robust quarter for soybeans.
