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USDA quarterly inventory report: corn, soybean and wheat inventories are all lower than expected

 Last Update: 2021-08-01
 Source: Internet
 Author: User

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News from Washington, June 30: The quarterly inventory report released by the US Department of Agriculture on Wednesday showed that US corn , wheat and soybean stocks on June 1 were all lower than market expectations
.

As of June 1, 2021, US soybean stocks were 767 million bushels, a six-year low;

U.
S.
wheat stocks at 844 million bushels are also the lowest in six years
.

U.
S.
corn stocks are 4.
122 billion bushels, the lowest level since 2014
.

In comparison, before the report was issued, analysts estimated corn stocks at 4.
144 billion bushels, soybean stocks at 787 million bushels, and wheat stocks at 859 million bushels
.

U.
S.
Corn Wheat Soybean

As of June 1, 2021, US soybean stocks were 767 million bushels, a six-year low;

U.
S.
wheat stocks at 844 million bushels are also the lowest in six years
.

U.
S.
corn stocks are 4.
122 billion bushels, the lowest level since 2014
.

　　In comparison, before the report was issued, analysts estimated corn stocks at 4.
144 billion bushels, soybean stocks at 787 million bushels, and wheat stocks at 859 million bushels
.

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