Quarterly Stocks

Corn, which is the final ending stocks, are estimated at 1497 that would be 28 million bushels below the September crop report.

Soybeans expected to come in at 247 bushels, that would be up 7 million bushels from the September crop report.

Wheat estimated to come in at 1795, that would be up 21 million bushels from last year’s September stock.

The trade is not expecting any major adjustments, therefore any large changes in USDA’s number could produce significant market moves.