Demand strikes again.
Three big soybean market movers were highlighted in the latest U.S. Department of Agriculture "World Agricultural Supply & Demand Estimates" (WASDE) report. The government lowered beginning and ending stocks, increased export projections and bumped up domestic crush.
Soybean beginning stocks for the 2016-17 marketing year are pegged at 370 million bu. this month, down 30 million from May. Ending stocks are projected at 260 million bu., down 45 milli
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