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Corn and soybeans move lower after USDA raises South American crop estimatesCorn and soybeans move lower after USDA raises South American crop estimates

U.S. corn stocks were unchanged, soybeans raised. (audio)

April 11, 2017

1 Min Read

Corn and soybean futures moved lower after USDA raised its estimates for South American corn and soybean crops. While increases had been expected, the corn numbers were on the high side of trade estimates. While the soybeans numbers there were about as expected, they were still big.

U.S. ending stocks were raised for soybeans and wheat while corn was unchanged.

Listen to the report using the audio link on this page.

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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