Grain Traders Shrug Off U.S.’s Outlook for Bigger Supplies
- USDA report shows bigger soybean, corn harvest in U.S.
- U.S. exports seen rising amid stronger overseas demand
This article is for subscribers only.
Corn and soybean futures bounced back Friday with grain traders moving into the market after the latest U.S. crop forecast failed to offer any surprises.
The U.S. Department of Agriculture’s supply-and-demand report, or WASDE, said farmers would reap bigger soybean and corn harvests this season, and inventories would rise. That may be offset by higher overseas sales later this year.