USDA's report on Friday will show a decrease in soybean stocks and a rise in corn stocks

Lead: Dow Jones Chicago news: ahead of the USDA's quarterly grain inventory report on Friday, analysts said U.S corn stocks as of September 1 will be higher than last year's, while U.S soybean and wheat stocks will be lower The quarterly report is due on Friday at 8:30 East Detroit time (gmt12:30) Analysts expect us corn stocks to be 1.937 billion bushels as of September 1, compared with 1.717 billion bushels in the same period last year, according to Dow Jones According to the survey results, the soybean inventory on September 1 was 227 million bushels, lower than 290 million bushels in the same period of last year; the wheat inventory was 2.102 billion bushels, lower than 2352 million bushels in the same period of last year Analysts said they expected lower soybean stocks because the U.S Department of agriculture cut U.S soybean production last year The USDA is also likely to increase its forecast for soybean crushing in the previous year, which will also reduce soybean stocks "Most expect USDA to cut soybean production by 20 million bushels to 25 million bushels," said Brian Anderson of Anderson commodities and consulting The company is based in Shawnee Mission, Kansas There is general consensus that USDA overestimated soybean production last year Analysts say there are two different views on the fact that corn stocks are largely dependent on feed consumption The high temperature in summer will lead to a general decline in the amount of feed consumed by livestock On the other hand, the supply of live cattle has been at a record high for months Similarly, the supply of sorghum, which competes with corn as a feedstock, is reduced However, all analysts agree that corn stocks will be much higher than in the same period last year, mainly due to the huge production of nearly 10 billion bushels last year (author:) share to feed Weibo share to: