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USDA cuts South American soybean forecasts

Argentine corn harvest numbers were also dropped, but well within trade expectations.
Compiled by staff 
Published: Feb 9, 2012
Grain futures are seen wavering between gains and losses Thursday after a government report mostly confirmed expectations of falling U.S. stockpiles and a smaller South American harvest.


  Argentina    Brazil   
  Corn     Soybeans  Corn Soybeans 
USDA Feb. 22.0  48.0  61.0  72.0 
Trade Avg.  21.656 48.026  59.179  71.265 
Range  18.8-24.5 45.0-50.0 58.0-60.5  69.5-73.5 
USDA Jan.  26.0  50.5  61.0  74.0 



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