USDA Report Update
Thursday, February 8, 2018, 11:02 AM
Submitted by: Landus Cooperative
Grains mixed upon report release.
Soybean ending stocks increased by 60 million bushels but within trade estimates, but pushed soybeans slightly lower upon release.
Corn ending stocks decreased from 2.47 billion to 2.352, below the low end of the range of expectations by traders.
Wheat ending stocks up from slightly last month.
All in all, a neutral report with soybeans and wheat keeping a lid on upward movement for corn. As well as world-wide ending stocks.
As of 11:30, corn up about a penny, and beans up 2 to 3, wheat down 6.