National Ag News
Latest WASDE tightens lid on prices even more
Nov 9, 2017, 17:14 PM
by
System
A market analyst says the latest WASDE report tightens the lid on corn and soybean prices even more.
Steve Hyde with CHS Hedging tells Brownfield Thursday’s USDA production estimates were devoid of positivity.
“USDA raised corn yield by four bushels per acre if you round it off. Beans were unchanged. Production is up a little bit, particularly on corn. Big world stock numbers.”
He says strong export demand has helped underpin the market, especially for soybeans.
Continue reading Latest WASDE tightens lid on prices even more at Brownfield Ag News.
