date:Oct 12, 2012
asts, so did USDA ideas for demand, which were seen sufficient to swallow all but 15m bushels of the extra output.
The immediate market reaction was to push up grain prices which had fallen into the report on expectations that the estimate revisions would show a larger easing in the squeeze in US corn and soybean supplies.
Chicago soybeans for November, up 0.7% ahead of the Wasde, extended gains, if closing well off their intraday high.
Corn recouped small losses to post a gain of 5%, helping