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Verdin View: October WASDE surprises investors with corn & soy estimate cuts

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The US Department of Agriculture took a knife to its corn and soybean estimates for its ongoing harvests in the October WASDE report, cutting forecasts by more than investors had expected.

 

Agrimoney Editor in Chief, Mike Verdin, talks about what was behind the USDA’s surprise decision, the impact on the market, and what this could mean for South American producers.

 

 

 

 

More WASDE coverage:

 

In addition to our Verdin View, find more in-depth analysis on the October WASDE report below:

 

ANALYSIS: October’s Wasde report for cotton is useful but far from definitive

 

Trade forecasts for the USDA’s October 9 Wasde report

 

Corn prices hit 1-year high, soy a 3-year top, after US cuts crop hopes

 

 

 

 

 

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