Market Briefs 9/21/2022
Soybean prices surge on USDA reportCrop markets reacted last week to news that U.S. corn and soybean supplies will fall to multiyear lows as hot and dry weather during August in western growing areas cut into the harvest potential for both crops, Reuters reported following the release of September Crop Production numbers.
The U.S. Department of Agriculture (USDA) report cut the outlook for U.S. corn ending stocks in the 2022-23 marketing year to a 10-year low of 1.219 billion bushels, from 1.388 billion. Soybean supplies were seen at a...
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