Why Did the Grains Sell Off on Report Day?

Why the selloff following the USDA reports Thursday?

USDA’s June Acreage Report showed farmers planted 470,000 more acres of corn verses March, but it wasnt that far from estimates. And the report was bullish for soybeans showing farmers will plant around 2.63 million less acres than intensions. So why the selloff on Thursday? Michelle Rook gets the answer from Alan Brugler of Brugler Marketing.

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