Prospective Plantings & Grain Stocks Reports
March 1 US wheat stocks were pegged at 1,314 Mil Bu, 100 Mil Bu above the trade’s average guess. Feed use was a negative 39 Mil Bu. Jun-Mar feed use is calculated at 133 Mil Bu, down 30% from last year, and which suggests the USDA will not adjust its annual feed/resid estimate in April.…