Soybeans were mixed, mostly higher, on bull spreading. The USDA raised U.S. ending stocks on expectations for slower crush demand and cut the production guess for Argentina. There was no change to Brazil’s crop, but exports were above a month ago. CONAB raised its estimate for Brazil slightly, now at 152.89 million tons, noting lower yields in southern areas were being canceled out by better performance in Brazil’s Midwest. The Rosario Grain Exchange has soybean production in Argentina at 34.5 million tons.
Wheat, corn up after USDA numbers
