USDA raised its estimates of corn and wheat ending stocks, but cut its soybean forecast with its September 12 World Agricultural Supply Demand Estimates report. At the same time, the ag agency lowered the midpoint of its corn price forecast to $4.80 per bushel, with the price range dropped to $4.40-$5.20 a bushel from previous estimates $4.50-$5.30.
Soybean prices saw a significant increase of $1.15 to $12.50 per bushel. USDA narrowed its wheat forecast to…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
