Soybean Estimates For Today's USDA Report

The USDA will release its Acreage and Grain Stocks report today at 12:00 p.m. ET. Estimates of acreage intentions for soybeans are near 85.25 million acres versus 84.635 million in March. Soybean stocks are estimated be 670 million bushels versus 1.344 billion in March and higher than 405 million bushels a year ago. August Soybeans are trading at 990, down 4 cents and November Soybeans are trading at 976 3/4, down 3 1/2 cents. August Soymeal is trading at 333.9, down 0.1 and August Soybean Oil is trading at 32.97, down 0.14.