US corn outlook climbs, soybeans dip in latest forecast
Forecast reflects dry weather conditions in August
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Forecast reflects dry weather conditions in August
Dry weather and acreage cuts have curtailed US production forecast Brazilian crop more price competitive than the US during most of 2023 China likely to wait for Brazil's new crop to resume high volum
Cattle futures end mixed after setting new highs
Corn and soybean prices fell after USDA estimates for US supplies were larger than markets had expected, but wheat failed to rise on a deep cut to world inventory hopes, finds CRM Agri.
The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimate for 2022-’23 soybean oil use in biofuel production was revised up.