Pro Farmer
Soybean futures built on last week’s gains during overnight trade while wheat weakened and corn mildly favored the downside.
GOP getting closer to winning House; GOP takes 53 Senate seats to 47 for Dems
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USDA cut the soybean crop estimate and ending stocks more than expected.
USDA cut the soybean yield by 1.4 bu. per acre to 51.7 bu. per acre, while ending stocks were pegged at 470 million bu. Both were well below average pre-report estimates. Meanwhile, both corn yield and ending stocks were below average estimates.
