date:Mar 19, 2019
ebruary estimate of 309.8 mmt.
For soybeans, the world 2018/19 soybean ending stocks were pegged at 107.1 mmt. vs. the trades expectation of 106.3 mmt. and the USDAs February estimate of 106.7 mmt.
In its report, the USDA pegged the worlds 2018/19 marketing year wheat ending stocks at 270.5 mmt. vs. the trades estimate of 267 mt. and the USDAs previous estimate of 267 met.
SOUTH AMERICAS CROP ESTIMATE
The USDA pegged the 2018-19 Brazilian soybean output at 116.5 million metric tons vs. the t