USDA WASDE October report: corn, soybean, wheat, cotton stocks all above forecasts
USDA October WASDE report shows higher-than-expected ending stocks for corn, soybeans, wheat, and cotton. Corn stocks at 1.849 billion bushels vs 1.695B estimate. Soybeans at 315M vs 306M. Wheat at 740M vs 720M. Cotton at 3.80M bales vs 3.50M. The larger supply estimates are bearish for grain and cotton prices. 130 clean stories shaped this window, with sentiment strongly bearish at 28/100. Also in focus: UAE attorney general: flydubai co-pilot planned suicide attack on Ben Gurion Airport.
Sentiment28/100 · Strongly Bearish
Market readStrongly Bearishat publication
Stories130clean stories in the window
Published12:30 PMFri, Oct 9 · ET