iNVEZZ.com Tuesday, August 13th: Grain futures were broadly higher today after the release of the U.S. Department of Agriculture’s (USDA) latest monthly domestic supply report.
The USDA has lowered its forecast for the U.S. soybean crop to 3.255 billion bushels, down five percent from its July estimate. The department has also cut its soybean yield-per-acre forecast to 42.6 bushels, down from a prior reading of 44.5 bushels.
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