Traders are adjusting to bullish updates to balance sheet
In itsJune World Agriculture Supply and Demand Estimates report, USDA slashed corn output, but left soybeans unchanged, reportsAgWeb.
In the WASDE report narrative, USDA economists wrote: “Unprecedented planting delays observed through early June are expected to prevent some plantings and reduce yield prospects."
USDA will release its Acreage Report on June 28, which will provide survey-based indications of planted and harvested area.
Read the fullWASDE reporthere.
US Corn Price Idx:ZCPAUS.CM
open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525
US Soybean Price Idx:ZSPAUS.CM
open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.0002
高:9.0773
low: 8.5501
close: 8.6212
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 8.1033
high: 8.308
low: 7.749
close: 7.8078
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