Soybean futures dropped to trade a little lower for the day Friday after USDA left key supply and demand data unchanged in its monthly report. Traders had expected an increase in exports and decrease in ending stocks.
Corn futures also moved lower after the report, while the wheat markets had little reaction. The winter wheat futures were about a penny lower and spring wheat was about a penny higher.
Bob Burgdorfer of Farm Futures reporting. Farm Futures is a sister publication of Feedstuffs.