Source: Darrel Good, FARM DOC DAILY, UNIV. OF ILLINOIS, 11/21/16

The USDA's November WASDE report projected that U.S. stocks of corn will grow from 1.738 billion bushels at the beginning of the current marketing year to 2.403 billion bushels at the end of the marketing year. Soybean stocks are expected to grow from 197 million bushels to 480 million bushels.Large increases in stocks are expected even though corn consumption during the current marketing year is expected to exceed that of last year by 948 million bushels (6.9 percent) and soybean consumption is expected to increase by 165 million bushels (4.2 percent).

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