Grains Move Sharply Lower After USDA Reports
Mar 28, 2013
Grains closed sharply lower across the board Thursday following the release of the March 1st Quarterly Grain Stocks report. Stocks for wheat and soybeans came in above analyst expectations, but the big market mover was corn stocks coming in roughly 400 million bushels above the average analyst guess. We knew that ethanol use and export sales of corn have struggled throughout the marketing year, but it is now clear that the USDA will need to make revisions to their estimates for feed usage in the months to come. Tune in for Brock and Cody's take on the action and where this market might be headed. Visit us at GrainHedge.com and take your no obligation demo of the trading platform used on GrainTV.
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