Report shows reduced grain stocks

grain bins

The U.S. Department of Agriculture’s (USDA) latest supply/demand report, issued last week, underscores the factors supporting the sharp rally in corn and soybeans over the past two months and highlights the potential for continued price strength, according to Chad Hart, Iowa State University Extension crop markets specialist. 

By reducing the harvests of both crops and boosting demand projections, the USDA report clearly showed why corn and soybean prices have risen so sharply this fall, Hart said. “It showed that supplies are getting tighter and...

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