Monday, 12 August 2013
Chicago Market Up On Friendly USDA Report
Posted on 23:36 by Unknown
12/08/13 -- Soycomplex: The eagerly awaited USDA report came in bullish for soybeans with US yields, production and 2013/14 ending stocks all lower than expected. A cut in yields from last month's 44.5 bu/acre to an average guess of 43.472 bu/acre is what was expected. What the trade got was 42.6 bu/acre. US production of 3.338 billion bushels was the average trade forecast. The USDA came up with
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