Friday, September 27, 2019

Ag Futures, Ahead Of Monday's Quarterly Grain Inventory Report

Monday is also one of the last crop progress reports of the season.
From Successful Farming, Sept. 23:

USDA Seen Pegging Soybean Stocks Below Expectations
Quarterly Stocks Report to be released Monday, September 30. 
The USDA releases the Quarterly Grain Stocks report on September 30. The report indicates soybean and corn use during the fourth quarter of the 2018-19 marketing year. 

Soybean stocks may be in line for a move lower while corn stocks look to stay near current USDA estimates.

Soybean stocks look to show expanded use in the fourth quarter. Soybean supply entering the fourth quarter of the marketing year totaled 1.79 billion bushels based on the June 1 stocks report. An estimate of soybean imports for the fourth quarter using Census Bureau data came in at approximately 3.1 million bushels. The total supply for the quarter comes in at 1.793 billion bushels....MORE