The USDA supply/demand report delivered mixed signals for corn, soybeans, and wheat, leaving traders with more uncertainty than direction. Van Ahn and Company market analyst Kristi Van Ahn says the corn outlook looks manageable on the surface, but deeper concerns remain. “What is concerning for me is that our feed use, they left unchanged, and that feed use number is over 600 million bushels more usage than we had last year. I just don’t know how we are going to be able to shrink that with the current dynamics we have in there.” Soybeans offered a slightly more supportive tone, but market reaction quickly turned negative. “Soybeans themselves could be on the friendly side, but it just comes down to will we see China actually step in here and buy?”
