Soybeans, corn, wheat gain after USDA numbers – Voice Of Muscatine


Soybeans, corn, wheat gain after USDA numbers

Soybeans were higher on commercial and technical buying. The USDA lowered its production guess due to a lower average yield estimate, but domestic ending stocks were unchanged following cuts to exports. The crush projection was up from September. One interesting feature is that pod counts were up on the year in the objective yield states, which with that lower yield, implies lower test weights caused by the dry finish to the growing season. Harvest is ongoing with delays expected in parts of the region this weekend.

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