WASDE Bullish Beans, Slightly Negative for Corn, Neutral Wheat

WASDE Report was bullish for soybeans with a cut in U.S. ending stocks and 8 mmt cut in Argentina production, corn ending stocks bearish, raised 75 mb. Wheat balance sheet unchanged. Jim McCormick of AgMarket.Net.

By Michelle Rook

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March 08, 2023 12:22 PM

WASDE Report was bullish for soybeans with a cut in U.S. ending stocks and lower Argentina production, corn ending stocks slightly bearish raised by 75 million bushels but Argentina production was again cut. Wheat balance sheets were left unchanged. What does it mean for the market? Jim McCormick of AgMarket.Net has details.

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