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Soybeans Surprise in Grain Stocks Report

Posted October 4, 2021
in Top Ag News

The latest USDA Grain Stocks and Small Grains Summary Report featured bearish change to an otherwise bullish outlook. The report shared higher ending stocks for both soybeans and corn while wheat and production stocks were both bullish. Soybeans showed the largest change at 256 million bushels, 84 million bushels higher than estimates reported. However, on-farm soybean stocks were down 52% compared to one year ago. Soybean markets dropped more than $0.30 after the report was published. Read more on grain stocks and market responses.

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