The trade was queued up for a bearish report for soybeans, but as the USDA numbers came out Tuesday morning soybeans went from six cents lower-to-52 cents higher. USDA increased the soybean carryout by 20 million bushels, but cut the average soybean yield to 51.2 bushels per acre. That’s down three-tenths of a bushel from the October report. The average yield for Minnesota was 49 bushels per acre, unchanged from last month. North Dakota soybean yields were left unchanged at 26 bushels and South Dakota yields increased 2.5 bushels from a month ago with an average of 41 bushels per acre.
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