USDA numbers pressure soybeans, corn

Soybeans were sharply lower on fund and speculative selling. USDA made a larger than expected increase to domestic ending stocks, up to 230 million bushels, on lower crush and export demand. Also, world ending stocks were raised with China’s import estimate left unchanged. Soybean meal and oil followed beans down but losses in bean oil were limited by the strength in crude oil. According to Dow Jones Newswires, India’s PEC Ltd. tendered for 3,000 tons of crude soybean oil. China’s

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