USDA report a mixed bag
There were some mixed results Thursday morning in the USDA report, as corn inventories were cut more than many had expected but soybean and wheat stocks were increased.
There was a decline of 225 million bushels in corn ending stocks, an increase of 25 million soybean ending stocks and a 25 million bushel increase in wheat ending stocks. After the report was issued, corn was up 5 cents, wheat was down 1 and beans were also down 1.
Thanks to Merrill Crowley with Midwest Market Solutions for providing this information.