US Department of Agriculture Cuts Crop Estimates for Corn and Soybeans. Prices Soar

Filed under: Major Movement, International Markets, Industry, Economic Data, Commodities, Headline News, Agriculture

The US Department of Agriculture (USDA) cut its estimates of last fall's corn and soybean crops.The soybean harvest was revised sharply downward to 3.33 billion bushels from 3.38 billion. Corn inventories are already at a 15 year low, were cut by more than 10% to 745 million bushels, as reported in the Wall Street Journal.



Let's look at what happened around the world to the grain harvests:

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US Department of Agriculture Cuts Crop Estimates for Corn and Soybeans. Prices Soar originally appeared on BloggingStocks on Wed, 12 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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