USDA Soybean Supply and Demand Report Estimate; Soybeans

The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is scheduled for release at 12:00 p.m. ET. The street estimates for U.S. soybean ending stocks are near 410 million bushels versus 420 million bushels last month. The street estimates for global ending soybean stocks are near 81.2 million tonnes versus 82.3 million tonnes a month ago. March Soybeans are trading at 1055, down 3 3/4 cents/bushel. November Soybeans are trading at 1026, down 2 1/4 cents/bushel. March Soymeal is trading at 340.1, down 1.1 $/ton. March Soybean Oil is trading at 34.63, down 0.06 cents/lb.