Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 6/12/17



The USDA's June WASDE report of world supply and consumption projections contained a number of changes from the May report for corn and soybeans. The bulk of the changes related to world production estimates in the 2016-17 crop year. The estimates and forecasts from the report confirm a continuing trend of increasing soybean stocks and decreasing corn stocks over the next marketing year. These numbers will likely take a back seat to the developing crop prospects over the short run. The release of the Grain Stocks and Acreage reports on June 30 will provide major implications for the remaining marketing year and new crop prices moving forward. 

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