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Record corn and soybean crops forecast by USDA
U S Agriculture Department estimates project a corn harvest of 8.32 billion bushels and soybeans at 2.9 billion, both record highs. Analysts call the figures devastating and staggering, signaling lower futures and cash prices while flagging storage challenges and potential effects on meat and cattle costs.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
USDA
James Warning
CBOT
Warning
Nelson Cornelius
Merrill Lynch
Pierce, Fenner & Smith
Cornelius
Alvaro Catao
Frazier Parrott
Iowa
Nebraska
Conrad Leslie
Thomson McKinnon Securities
Leslie
Catao