date:Oct 12, 2018
le the analysts expect a 40 mb increase in the crop estimate, they only expect a 15 mb increase in USDAs estimate of U.S. ending soybean stocks, from 845 mb to 860 mb. That seems odd when you consider 43 mb found in the September 28 Grain Stocks report will be added to both old-crop and new-crop ending stocks. While the crush incentive remains high for soybeans in the U.S., total export commitments remain sluggish, down 13% in 2018-19 from the year ago level.
True to form, Dow Jones survey also