USDA report a mixed bag
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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.