The USDA’s August report revealed record-high corn and soybean yields alongside mixed acreage changes. Corn production increased, creating heavy supplies that pressured wheat prices due to feed substitution. Soybean stocks dropped sharply, fueling a price rally supported by potential Chinese trade demand. Weather conditions, especially in key states lik…
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WASDE Aftershock
USDA raised corn and soybean yields. Corn supplies pressure wheat. Soybean stocks fell, boosting prices. Weather and China trade remain key market factors.
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