‘This story is not over yet’
The October World Agricultural Supply and Demand Estimates (WADSE) report was released last Thursday by the USDA and according to Todd Hultman, DTN grain market analyst, the report for corn is appearing bearish with soybeans doing the opposite and coming in bullish. “Corn’s numbers were bearish,” he said. “They (USDA) did reduce the ending corn stocks estimate, but it was higher than most of the trade expected. As far as soybeans, just about everything in the report was bullish for the soybean price. The soybean crop estimate was reduced less than expected to a smaller total ...