Source: FARM PROGRESS, 1/10/20


As expected, USDA dialed in some grain production changes in its latest round of supply and demand data from its monthly World Agricultural Supply and Demand Estimates (WASDE) report. But the agency’s data proved more bullish for corn and soybean production than analysts had hoped, which pushed prices into the red immediately following the report before recovering later in Friday’s session. Ending corn and wheat stocks tightened while soybean stocks remained the same as December estimates.

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