National Ag News
Despite neutral CBOT close, WASDE report “bad for corn”
Apr 9, 2019, 16:30 PM
by
Ann Gregson
An ag economist says despite a neutral response on the Chicago
Board of Trade, Tuesday’s World Agricultural Supply and Demand report was bad
for corn prices.
Todd Hubbs with the University of Illinois tells Brownfield the USDA continues to lower feed and residual use, down 75 million bushels in its latest estimate.
“And we’ve seen ethanol grind growth slow considerably this year, and they lowered that 50 million bushels. (USDA also) lowered exports 75 million bushels.”
Corn ending stocks are now seen at more than two billion
bushels, up 200 million from March.
Continue reading Despite neutral CBOT close, WASDE report “bad for corn” at Brownfield Ag News.
