By Doug Tenney, Leist Mercantile
A plethora of numbers were released today with the USDA WASDE report at 12 noon ET.
No major surprises today.
Key numbers to watch today included the U.S. corn and soybean yields as well as corn and soybean imports into China.
USDA projects the U.S. corn yield at 178.5 bushels with the U.S. soybean yield at 51.9 bushels. On grain imports into China, soybean imports are pegged at 99 million tons and corn imports of 7 million tons.
Traders were already expecting a volatile day hours before the report. Shortly after the report was released, corn was up 3 cents, soybeans up 16 cents, and wheat down 2 cents. At the 8:45 a.m. grains pause, corn was up 2 cents, soybeans up 6 cents with wheat up 1 cent. Just before the report release corn was up 2 cents, soybeans up 10 cents, and wheat down 1 cent.… Continue readingRead More »