WASDE Highlights

The USDA released their monthly World Ag Supply and Demand Estimates report for November (WASDE).  It was fairly tame as far as balance sheet adjustments go.  However, there were some changes made that impacted corn and soybean oil.

Corn’s yield per harvested acre was adjusted higher.  October’s 2017/18 forecast was for 171.8 bushels per acre, November was bumped up 3.6 bushels to 175.4 bushels per acre. …