Soybeans speed lower after USDA raises production: Podcast

Corn prices slip after USDA issues crop report.

The U.S. Department of Agriculture on Monday raised it soybean crop estimate to 4.2 billion bu. from its August number of 4.06 billion bu. The increase was a little more than what the trade expected, causing soybean futures to move lower.

USDA’s corn crop estimate of nearly 15.1 billion bu. was down slightly from its August number but was still larger than what many in the trade expected.