The October WASDE was friendly for soybeans with ending stocks unchanged at 220 mb while global stocks were cut 3.6 mmt. Corn ending stocks were lowered 110 mb. Wheat numbers were bearish up 55 mb on U.S. carryover. Jim McCormick of AgMarket.Net has analysis and price reaction.
WASDE Friendly for Soybeans and Corn with Supply Cuts: Neutral to Bearish Wheat
The October WASDE was friendly for soybeans with ending stocks unchanged and global stocks cut 3.6 mmt. Corn ending stocks were lowered 110 mb. Wheat numbers were bearish. Jim McCormick of AgMarket.Net has more.
October 12, 2023 11:49 AM
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