USDA Report Head-Scratcher

Those Are Bullish USDA Estimates?

Todd Hultman
By  Todd Hultman , DTN Lead Analyst
Connect with Todd:
@ToddHultman1
Soybean prices continue to be weighed down by expectations for another record harvest in South America and by expectations that U.S. soybean plantings may be higher this spring. (DTN file photo by Alastair Stewart)
Soybean prices continue to be weighed down by expectations for another record harvest in South America and by expectations that U.S. soybean plantings may be higher this spring. (DTN file photo by Alastair Stewart)
By all rights, USDA's February WASDE estimates gave several bullish reasons to hope for a higher close in corn and soybeans. Yet, at the end of the day Tuesday, March corn and soybeans both closed lower.

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Todd Hultman

Todd Hultman
About the Author
Connect with Todd:
@ToddHultman1