According to a survey by Bloomberg, U.S. stocks as well as the world's soybeans, corn and wheat after harvest of the year are likely to be smaller than anticipated by the department in November due to the strong demand for its products.
The expectation of the market for U.S. corn stocks is 20.48 million tonnes in November, the USDA estimated stocks at 21.01 million tonnes. For soybeans, it is expected 4.48 million tons, while last month was 5.03 million tons. For wheat, the estimate is 22.9 million tonnes in November was 23.08 million tons.
Yet according to research, world stocks of the three commodities will also be smaller than predicted by the USDA in November. According to some analysts, the reservations are also reduced in comparison with the stored for one year.
Market expectations for global stocks of corn are to 128.71 million tonnes, soy 60.59 million tonnes of wheat and 171.30 million tonnes.
