In this article, your editors break down today's USDA report data and highlight the information most important to farmers.
Attache pegs the Argentine corn crop at 24 MMT and the wheat crop at 10.8 MMT.
Corn ended around a penny lower, with soybeans marginally higher. Winter wheat ended weaker. Live cattle ended mostly weaker, with feeders and lean hogs mixed.
Text highlights from USDA's February 9 World Agricultural Supply and Demand Estimates report.
Included are key USDA's domestic and global Supply & Demand Report details and how they compare to month-ago, year-ago and pre-report expectations.
Corn is marginally lower, with soybean and wheat futures 1 to 2 cents lower. Livestock futures favoring a firmer tone.
A powerful storm swept through the Great Plains last week, increasing field moisture in hard red winter wheat country and ending a long stretch of dryness.
Farmers say they believe the peso will continue to devaluate, providing a better opportunity ahead for making sales.
Corn closed mostly 3 cents lower, with soybeans 5 to 6 cents lower and wheat 4 to 8 cents lower. Cattle ended limit lower, with hogs slightly lower in most contracts.
While pork exports posted a strong finish to 2015, beef exports softened.
As of Wednesday, February 10
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