USDA SEES RECORD-HIGH 2020 U.S. CORN, SOYBEAN YIELDS 6park.comCROP PRICES REACTED SLIGHTLY NEGATIVELY. 6park.comBy
Mike McGinnis 6park.com8/12/2020 6park.com 6park.com 6park.com 6park.com 6park.com
The U.S. 2020 corn and soybean crops will be bigger than previously thought, USDA reports.
On Wednesday, the USDA released its August U.S. Supply/Demand and World Production (WASDE) reports at 11:00 a.m. CT.
Initially, the CME Group’s farm markets mostly dipped. Following the report, corn moved up ¼¢, soybeans down 3¢, and wheat dropped too.
At the close, the Sept. corn futures finished 3¢ higher at $3.14 1/2. Dec. corn futures finished 3 1/4¢ higher at $3.27 1/4.
Sept. soybean futures settled 10¢ higher at $8.80 1/2. November soybean futures closed 9 1/2¢ higher at $8.83 1/2.
Sep. wheat futures ended 3 3/4¢ lower at $4.91 3/4. 6park.com
Sep. soymeal futures settled $0.10 per short ton higher at $284.20. Sept. soy oil futures closed $0.94 cent higher at 31.56¢ per pound. 6park.com