The World Agricultural Supply and Demand Estimates (WASDE) report was released showing U.S. wheat ending stocks for 2016/17 are raised 30 million bushels on lower feed and residual use. This month’s 2016/17 U.S. corn outlook is for increased corn used to produce ethanol, reduced feed and residual use and unchanged ending stocks. U.S. rice ending stocks for 2016/17 are lowered 3.0 million cwt on increased exports. U.S. soybean supply and use changes for 2016/17 include higher seed use, reduced residual disappearance, and higher ending stocks. U.S. fiscal year 2016/17 beet sugar production is decreased 110,000 short tons, raw value (STRV) to 4.996 million.
