Anticipating the March 1 Soybean Stocks Estimate | an interview with Todd Hubbs

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Anticipating the March 1 Soybean Stocks Estimate | an interview with Todd Hubbs
Todd Hubbs, Agricultural Economist - University of Illinois

by Todd Hubbs
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On March 31, the USDA will release the quarterly Grain Stocks report, with estimates of crop inventories as of March 1, and the annual Prospective Plantings report. For soybeans, the stocks estimate is typically overshadowed by the estimate of planting intentions. Usually, the quarterly stocks estimates for corn garners more interest because these reports reveal the pace of feed and residual use which is a large component of total corn consumption. The March 1 soybean stocks estimate this year may not provide much new information despite recent growth in marketing year ending stocks and concerns about the size of the South American crop… continue reading the full article by clicking here.