Revised Soybean S&D From USDA
The USDA revised October soybean S&D numbers dropping planted acres by 1.1m acres and harvested acres by 1.1m acres, yield was left unchanged. Production was cut from 2.983 billion bushels in the Oct 10th estimate to 2.938 billion. Ending stocks were also revised lower from 220 to 205m bushels.