Corn, Soybean Futures Dip After WASDE Forecasts Bigger Reserves | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Corn, Soybean Futures Dip After WASDE Forecasts Bigger Reserves

Soybean and corn futures dipped in Chicago this afternoon following the World Agricultural Supply and Demand Estimates (WASDE) report revealed the US raised estimates for domestic stocks.

Soybeans fell as much as 2% to $12.00 per bushel after domestic stocks will be around 320 million bushels at the end of the season, compared with an earlier estimate of 298 million. Corn fell as much as 2% to $5.22 per bushel after domestic stocks were larger than expected, at around 1.5 billion, compared with an earlier estimate of 1.418 billion.

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