Grain Markets Surprised by Bearish Report
U.S. grain futures markets got a bearish surprise Thursday morning when the U.S. Department of Agriculture (USDA) issued its latest forecasts on grain stocks and the overall supply and demand situation for the major grains. The government predicted significantly higher-than-expected supplies of corn and soybeans in U.S. stockpiles and estimated higher-than-expected plantings of U.S. winter wheat.
Grain futures prices were called to open sharply lower in early market calls Thursday morning. Before the U.S. grain futures markets opened on Thursday, selling pressure hit the agriculture-related stocks in the wake of the disappointing report....333 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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