National Ag News
USDA numbers send soybeans, corn lower
Mar 9, 2017, 16:49 PM
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Soybeans were lower on commercial and technical selling. The USDA raised Brazil’s soybean production and export estimates, now expecting a bigger crop than Brazil’s government is currently, with USDA projecting 108 million tons and CONAB at 107.61 million. Argentina was left unchanged from last month and the USDA raised domestic ending stocks while lowering exports. The Rosario Grain Exchange has Argentina’s soybean crop at 56 million tons. Weekly export numbers were nominally bullish, but a nonfactor.
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