Agriculture Roundup for Monday July 13, 2020
The United States Department of Agriculture released its July World Agricultural Supply and Demand Estimates (WASDE) report on Friday.
The U.S. corn yield was pegged at 178.6 bushels per acre which was in line with the trade’s expectation.
For soybeans, the average yield estimate is 49.8 bushels per acre down slightly from the forecast.
The estimates of U.S. corn and soybean ending stocks remained oppressive and resulted in the markets trading lower.