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Rapeseed (Mustard Seed) News - U.S. 2020/21 Soybean Stocks Estimate Reduced To 120 Million Bushels: USDA
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U.S. 2020/21 Soybean Stocks Estimate Reduced To 120 Million Bushels: USDA

The U.S. Department of Agriculture monthly supply and demand report for the month of February forecasts U.S. 2020/21 soybean stocks at 120 million bushels compared to 140 million bushels in its January estimate. Opening stocks in 2020/21 are kept unchanged at 525 million bushels. Soybean production in 2020/21 are kept unchanged at 4,135 million bushels. U.S. soybean exports estimate in 2020/21 increased to 2,250 million bushels compared to 2,230 million bushels in previous estimate. Imports estimate in 2020/21 are kept unchanged at 35 million bushels. Crush in 2020/21 are kept unchanged at 2,200 million bushels. Seed use in 2020/21 has been kept unchanged at 130 million bushels. Residual use in 2020/21 are kept unchanged at 22 million bushels. Average price range in 2020/21 is also kept unchanged at 11.15 cents/bushel.