WASDE Report Reflects Tightening Corn Supplies, but Falling Demand

The USDA World Agricultural Supply and Demand Estimates (WASDE) report for November did little to change the narrative of plentiful U.S. supplies and sagging demand. The soybean report held little fanfare for both the U.S. and world. Wheat ending stocks dropped moderately, but remained burdensome, with the world wheat ending stocks number moving to a new record-large number.

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