By Doug Tenney, Leist Mercantile
The November WASDE Report (supply and demand) will be scrutinized beyond measure by producers, analysts, and traders alike. Has USDA had enough time to get U.S. corn and soybean production and yields accurate? This report had been scheduled to take place on November 10. However, the U.S. government shut down of 43 days delayed this report taking place timely. Remember that shutdown eliminated a WASDE report for October.
Corn exports up 100 million bushels, corn for ethanol unchanged. Soybeans exports and soybean crush unchanged.
After the report was released, corn was down 7 cents, soybeans down 14 cents, and wheat down 8 cents. Prior to the noon report, corn was unchanged, soybeans down 2 cents, and wheat up 2 cents.
U.S. corn production was estimated

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