DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Thu Jun 12, 2014 11:28 AM CDT

General Comments:

Corn futures fell to a four-month low Wednesday after the USDA estimated a record corn crop to be harvested this fall. The USDA projected yields for corn to be 165.3 bushels per acre, which if realized, would break the 2009 record of 164.7 bpa yield. Soybeans dropped to their lowest level in two months even after a mostly bullish USDA report in which they lowered ending stocks for 2014-2015 by 5 million bushels. Estimates for global stocks of soybeans higher than what the trade expected may have been the catalyst to pull soybeans lower, along with very favorable ...

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