Tuesday, February 10, 2015, 11:02 AM
Submitted by: Dustin Weiner
The report was out at 11am, and there wasn’t much to see... Projected soybean ending stocks were reduced 25 million from last month and projected corn ending stocks were reduced 50 million from last month. At first glance, those numbers are a touch friendly to both commodities but none of this is shocking and currently corn is trading a couple cent weaker while soybeans bounce around on both sides of unchanged. Yawn.
Overall – this report was a dud and most traders have likely moved on to trading something else (weather, outside markets, etc).