USDA To Update Supply Estimates

The USDA will release its latest crop production and supply/demand estimates on Wednesday.

Traders are expecting the department will increase its domestic ending stock projections for corn, soybeans and wheat.

Grain markets dropped sharply less than two weeks ago when the USDA outlined larger-than-expected ending stocks in its quarterly grain stocks report.

The reports will be released at 11am (CDT.)

Source: PortageOnline