September 1st US Soybean Stocks Forecast
The USDA’s soybean stocks estimate for the 2021/22 crop have been in a wide range from the initial estimates in May 2021. The initial forecast put stocks at 140 Mil Bu, with a stocks/use ratio of 3.2%. By January, the USDA’s stocks projection had risen to 350 Mil Bu, and stocks/use was projected at 8%.…