USDA trims estimates for soy crop, stocks

USDA trims estimates for soy crop, stocks

IN its Sept. 30 "Grain Stocks" report, the U.S. Department of Agriculture put Sept. 1 soybean stocks — which become the official 2014 carryout totals — at 191 million bu., down 19 million bu. from the agency's previous estimate and 14 million bu. lower than the average trade guess.

After months of speculation, the government also lowered its estimate of 2014 production, cutting the size of the crop by 41.7 million bu. to 3.927 billion bu. It also r

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