Reported 1 day ago
Following the USDA's latest report on crop production, corn and soybean futures saw a significant rise, reflecting traders' strategies of 'selling the rumor, buying the fact.' The USDA projected U.S. corn production at 16.814 billion bushels and soybean production at 4.301 billion bushels, both above market expectations. Despite challenges from harvest pressures, bulls remain optimistic, seeking to maintain upward price trends in the face of solid export demand, particularly for corn.
Source: YAHOO