USDA shocks the market with higher corn and soybean yield, production and ending stocks. SA numbers were not supportive either. Lower winter wheat acreage was friendly but wheat follows corn and beans lower. Jim McCormick, AgMarket.Net breaks it down.
USDA Shocks the Markets with Higher Corn and Soybean Yields and Production
USDA shocks the market with higher corn & soybean yield, production and carryout. SA numbers were not supportive either. Lower winter wheat acres and carryover slightly friendly. Jim McCormick, AgMarket.Net
January 12, 2024 11:42 AM
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Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.
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