Corn and soybeans ended lower after the WASDE disappointed the bulls. USDA drops corn yield but with higher harvested acres on corn, ending stocks were raised 19 million bushels and still above 2.2 billion bushels. Soybeans also see a cut to yield but end with a 225 mb carryout which was above estimates. Wheat ended higher with lower global stocks. Cattle hit new highs and then faded. Matt Bennett, AgMarket.Net has details.
Corn and Soybeans End Lower After Disappointing WASDE but Wheat Bounces: Cattle Fade After Hitting Contract Highs
Corn and soybeans ended lower after the WASDE disappointed the bulls. Wheat ended higher with lower global stocks. Cattle hit new highs and then faded. Matt Bennett, AgMarket.Net has details.
September 12, 2023 02:31 PM
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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
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