USDA Report Neutral on Corn and Soybeans

Written By Mike Opperman

An article on DTN/Progressive Farmer

USDA pegged U.S. winter wheat production at 1.029 billion bushels in Thursday's Crop Production report, a cut from 1.048 bb in May and the smallest U.S. winter wheat crop since 1965.

USDA released its June Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Thursday.

Thursday's U.S. ending stocks estimates were neutral for corn, neutral for soybeans and moderately bullish for wheat, said DTN Lead Analyst Rhett Montgomery. Thursday's world ending stocks estimates from USDA were moderately bearish for corn, neutral for soybeans and neutral for wheat, he said.

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Mike Opperman https://www.blackdirtcommunications.com
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