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Soybean acres are estimated at 88.3 million, up 1% from last year. This is down from March’s estimate of 90.955 million and below the pre-report trade average of 90.446 million.
Wednesday’s markets held together despite a bearish CPI number, with the exception of cotton and wheat.
Food prices jumped 10.4% from year-ago in June – the biggest annual gain since February 1981.
Hay that has been cut and then rained on can lose quality in four ways.
Markets rebound at midday with grains seeing a corrective bounce after a bearish CPI number, livestock remain strong.
French soft wheat exports outside the European Union are expected to reach a three-year high of 10.3 MMT in 2022-23. . .