The July USDA World Agricultural Supply and Demand Estimates (WASDE) report was released Friday, July 10.
U.S. corn outlook is for sharply lower supplies, reduced feed and residual use, increased food, seed, and industrial use, and lower ending stocks. With higher beginning stocks, 2020/21 soybean supply estimates were raised 45 million bushels.
How did the latest report impact markets? Grain Journal contributor Stu Ellis spoke with Brian Basting, a grain market analyst with Advance Trading Inc., Bloomington, IL (800-747-9021) for this Grain Talk episode.
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