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Write a Squawk to agris.be
  • Squawk / 08 February 2018 at 11:58 GMT
    Head of Commodity Strategy / Saxo Bank
    The USDA will release its monthly supply/demand report for February later today at 1700 GMT. The grain sector has experienced a revival during the past few weeks with multiple weather scares both in South America and the US Midwest providing the three major crops with enough support to force the reduction of what up until recently was a record short fund position.
    US Inventory levels at the end of the 2017-18 marketing year which runs until August is expected to show a decline in corn and an increase in soybeans stock while wheat is unchanged on last month.
    Table with surveys and prior results attached.
    Read the Squawk
    agris.be agris.be
    There's an invertion in your summary between soybean stocks and wheat stocks
    Ole Hansen Ole Hansen
    This comment has been redacted
    Ole Hansen Ole Hansen
    Result of yesterday's WASDE report. As agris.be pointed out the soybean and wheat world stocks had been switched around and now corrected below.
    Overall the price impact was...
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