The USDA released its monthly WASDE report Wednesday morning.
The USDA lowered soybean ending stocks and, surprisingly, made no changes to corn. Allendale commodity broker Greg McBride said it was a friendly report, but it wasn?t as bullish as they were hoping to see.
If you watched the markets when the report came out, then you saw the prices briefly jump all over the place, with soybeans ranging anywhere between 10 and 25 cents higher at times. McBride said that, regardless of what we saw, the prices are still bullish.
You can catch the full interview with McBride in this weekend’s edition of Weekend Ag Matters on the Iowa Agribusiness Radio Network.
