DTN: soybean stock tightening
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Last Update: 2002-01-15
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Source: Internet
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Author: User
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Introduction: Recently, the U.S Department of Agriculture said that the U.S soybean inventory on December 1 was 2.276 billion bushels, 2% higher than the same period last year, but almost 60 million bushels lower than the industry's expectation Quarterly inventory data was lower due to lower than expected estimates of soybean production this autumn Soybean production is estimated at 2891 million bushels, down from the USDA estimate of 2923 million bushels in December Most analysts had expected soybean production to either be flat or increase In addition, exports also increased, with USDA increasing exports by 10 million bushels to 1.01 billion bushels (author:) share to feed Weibo share to:
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