AgDay TV Markets Now: Darren Frye, Water Street Solutions, says soybeans and meal see profit taking with Brazil rain chances and drag corn down as well.
AgDay TV Markets Now: Darren Frye Says Soybeans and Meal See Profit Taking on Brazil Rain Chances, Drag Down Corn
AgDay TV Markets Now: Darren Frye, Water Street Solutions, says soybeans and meal see profit taking with Brazil rain chances and drag corn down as well.
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Arlan Suderman, Chief Commodities Economist with StoneX says the corn and soybean markets were trading higher yields coming into the report and saw a positive reaction as a result.
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A rare, late-season cut of 1.6 bu. per acre to the national corn yield dropped ending stocks to 1.758 billion bushels, while stronger export demand trimmed soybean carryout despite record yields across the Western Corn Belt.
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