USDA Carryover 2007/08

Today's USDA report pegged 2007/08 soybean carryover unchanged from last month's 125m bushels, a little higher than the anticipated 123m bushels.

Corn carryout was pegged at 1.598 billion bushels, higher than the 1.514 billion the trade expected.

Wheat carryout was 306 million bushels exactly in line with expectations.