USDA Supply & Demand Report – February 8, 2018

Projected 2017-18 U.S. wheat ending stocks were raised this month by 20 million bushels to 1.009 billion bushels, reflecting reduced exports.

U.S. soybean ending stocks for 2017-18 are projected to be 530 million bushels, up 60 million bushels from last month and still the highest since 2006-07.

2017-18 U.S. corn ending stocks were lowered this month by 125 million bushels to 2.352 billion bushels, as exports were forecasted to increase by 125 million bushels.

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