U.S. soybean stocks likely to fall down

The US Department of Agriculture (USDA) will be publishing its latest supply and demand estimates this evening. A lower US corn crop should already be priced in. 

"We also expect the figure for U.S. soybean stocks to be downwardly corrected to take account of the lower beginning stocks reported by the USDA last week", notes Commerzbank.  

According to data published on Tuesday by the ICE, exchange-traded coffee stocks have fallen to their lowest level since August 2012. Therefore, it remains to be seen how the weather will develop in Brazil, the largest producer of Arabica coffee.