Soybeans ended sharply higher with USDA showing a game changing 4 million less acres. So where does that put ending stocks and prices? Corn picked up another 2 million acres so will that be offset by yield? Wheat acres and stocks tightened but does it mean much with poor demand? And cattle soared on the lower corn. Matt Bennett with Ag Market.Net has analysis.
Soybean Soar Working in 4 Million Less Acres, Corn Crumbles with Extra Acres: What Does it Mean for Ending Stocks and Prices?
Soybeans ended sharply higher with a 4 ma cut so where does that put ending stocks? Corn picked up another 2 ma so will that be offset by yield? Cattle soared on the lower corn. Matt Bennett with Ag Market.Net.
June 30, 2023 02:16 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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