CHICAGO, Nov 10 (Reuters) - U.S. corn and soybean stockpiles
will be smaller than previously forecast due to reduced harvest
expectations, the government said on Tuesday.
The U.S. Agriculture Department in its monthly World
Agricultural Supply and Demand Estimates report pegged 2020/21
U.S. corn ending stocks at 1.702 billion bushels and soybean
ending stocks at 190 million bushels. The U.S. corn harvest was
seen at 14.507 billion bushels and the soybean harvest was seen
at 4.170 billion bushels.
Analysts had been expecting corn stocks of 2.033 billion
bushels and a harvest of 14.659 billion bushels, according to
the average of estimates in a Reuters poll. Traders estimated
soybean stocks of 235 million bushels and a harvest of 4.251
(Reporting by Mark Weinraub; Editing by Caroline Stauffer)