date:Sep 29, 2012
bushels, compared to the average trade estimate of 1.126 billion bushels and the USDA's June 1 estimate of 3.149 billion bushels.
The USDA sees U.S. soybean inventory at 169 million bushels vs. the average trade estimate of 132 million bushels and 215 million bushels at this same time a year ago.
For wheat stocks, the USDA pegged U.S. inventory, as of Sept. 1, at 2.10 billion bushels, compared to the average trade analysts estimate of 2.281 billion bushels.
REACTION
Jason Ward, Northstar Co