date:Oct 12, 2018
expects USDAs snapshot of world soybean stocks to be raised, from 108.3 mmt in September, to 109.4 mmt (4.02 bb) in October. When looking at the world numbers, keep in mind that Argentina will not export much in 2018-19 due to drought earlier this year and a recent hike in export taxes. Also, USDA estimated Brazils ending soybeans stocks in September at just 37 mb for Brazils local marketing year, which ends January 31, 2019.
WHEAT
Once again, Thursdays WASDE report probably wont have any bul