Not many changes for U.S. supply and demand outlook

Not many changes for U.S. supply and demand outlook

The USDA made little to no changes to the domestic balance sheets for corn, soybeans, or wheat. Ahead of the report, most analysts were expecting minor changes, with minimal influence from demand expectations for China or impact from the coronavirus. 2019/20 U.S. corn ending stocks were unchanged at 1.892 billion bushels, with the USDA lowering the average price outlook $.05 to $3.80 per bushel, and soybean ending stocks were steady at 425 million bushels, with the USDA also lowering the price outlook for beans by $.05 to $8.70.

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