UPDATED: Markets Seem Pleased By USDA Reports

Grain markets appeared to see some bullish aspects to the Crop Production and World Agricultural Supply and Demand Estimates reports released by USDA today.

December corn futures ended the day at $3.49 a bushel, up about 6 cents from where the contract was priced just seconds before the reports came out at 11 a.m. The November contract for soybeans finished at $9.92, roughly 26 cents above its position immediately prior to the issuance of the reports, and Kansas City wheat experienced about a 3-cent per bushel jump to close at $4.26.

We’ll talk more about the reports in our agribusiness news coverage tomorrow on KGNC-AM. ┬áIn the meantime, to see the two reports in full, use the links below.

Crop Production

https://www.usda.gov/nass/PUBS/TODAYRPT/crop1017.pdf

WASDE

https://www.usda.gov/oce/commodity/wasde/latest.pdf

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