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Corn and soybeans had opposite reactions to August WASDE
Most analysts were predicting a modest WASDE report today, but several surprises caused opposite reactions in the corn and soybean markets. The biggest surprise was in the corn, where the USDA increased its corn yield estimate to 188.8 bushels per acre. Allendale commodity broker Greg McBride said this was very bearish news. This month’s corn outlook had projected beginning stocks for 2025/26 35 million bushels lower, based on a slightly higher use forecast for 2024/25. Corn production for...














