Soybean stocks get tighter
The big story in this week’s trade was the release of the monthly supply and demand report. Surprisingly, the U.S. Department of Agriculture (USDA) once again released yield numbers that were higher than the trade was expecting, but under those of a month ago.
The USDA did lower the U.S. corn yield to 168.2 bushels per acre from the 169.5 bushels projected in August. This put total production at 13.8 billion bushels, as no adjustments ...
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