Soybeans was sharply lower on fund and technical selling, in addition to spillover from crude oil and the dollar. The USDA did lower the production estimate following the acreage totals, while new crop ending stocks were larger than expected. Old crop ending stocks, or new crop beginning stocks were up from June, but the USDA did cut new crop crush and export projections, along with the average estimated farm price. Globally, old crop ending stocks were higher, but new crop stocks and production were lower.
Soybeans, corn, wheat drop on broader market
