Market Overview

USDA Supply And Demand Report Estimates


The USDA will release its monthly Supply and Demand Report on February 10 at noon ET.

Here are the street estimates for Soybeans:

U.S. ending stocks are estimated to be 398 million bushels a bit lower than 410 million bushels last month. The world carryout estimate is 90.50 million tons, down from 90.79 million last month.

Brazilian soybean production is estimated at 94.70 million tons, down a bit from 95.50 million last month. The data, if it comes in near the estimates, indicate a record soybean production for Brazil.

Argentine production is estimated to be 55.58 million tonnes, up from 55 million last month.

Posted-In: Futures Commodities Markets


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