Growing Global Competition Keeps Pressure on Corn, Soybean, Wheat Pricing

USDA released its May World Agricultural Supply and Demand Estimates (WASDE) on May 12, and projected growing worldwide competition will keep downward pressure on prices for the three major crops — corn, soybeans and wheat — for the 2015-16 season.

The USDA’s latest WASDE report introduced initial production estimates for the 2015-16 season. “Pricing metrics for all three major crops are expected to remain relatively weak, as USDA estimates now imply a 10.7% year-over-year decline…

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