National Ag News
USDA numbers push corn, wheat sharply lower
Jul 12, 2017, 17:11 PM
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System
Soybeans were lower on profit taking and technical selling. The USDA raised its production estimate slightly, in response to the June acreage adjustments. Old and new crop ending stocks were both down on the month, limiting losses. Soybean meal and oil followed beans lower. USDA left its old and new crop South American production numbers unchanged, while raising the 2016/17 and 2017/18 import estimates for China to 91 million and 94 million tons, respectively.
Continue reading USDA numbers push corn, wheat sharply lower at Brownfield Ag News.
