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USDA SUPPLY & DEMAND REVIEW July 12, 2018

USDA SUPPLY & DEMAND REVIEW July 12, 2018 **This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not guarantee its accuracy or completeness. Opinions expressed are subject to change without notice. This report should not be construed as a request to engage in any transaction involving the purchase or sale of a futures contract and/or commodity option thereon. The risk of loss in trading futures contracts or commodity options can be substantial, and investors should carefully consider the inherent risks of such an investment in light of their financial condition. SOYBEANS SOYBEANS: The July USDA SUPPLY DEMAND report was considered bearish with 2018-19 US ending stocks coming in at 580 million bushels versus the average estimate of 471 million bushels (390-571 range) and compared to last month's 385 million bushels.

USDA SUPPLY & DEMAND REVIEW July 12, 2018 ***This report includes information from sources believed to be reliable and accurate as of …

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