Futures Close 09/02/22

USDA – Put Brazil soybean production at 134mt down from previous level of 139mt seen in Jan 22 – for Argentina crop was seen at 45mt down from previous forecast of 46.5mt.

Word soybean endstocks see at 92.83mt – down from 95.2mt previously, but this was above analysts prediction.

For corn end stocks were seen at 302.2mt down from 303.07mt previously – corn stocks were also above analysts expectations.