CBoT corn and soy beans from's largest weekly loss since 2 months

The CBoT prices for corn and soybeans are today under pressure tomorrow and today probably will enter the biggest one-week drop since the end of August. Traders and analysts expect that the next USDA report next Wednesday the yield estimates for the U.S. crop will be corrected upwards.
Soybean prices have fallen in the front month 2.6% so far this week, corn prices have decreased by 2.4%. Expectation of higher income slows down the soybean market, in particular, said Tobin Gorey by the agricultural Department in the Commonwealth Bank in Australia. Extremely good exports from the United States but also mean that also sets out the demand side. Now come's on it, as the USDA estimates the closing stock.
The USDA yesterday said that another 2.5 million tons of soybeans and 1.47 million tonnes were exported corn this week. Both figures exceeded the expectations of analysts. In addition again high daily export closings were reported: 120,000 tons of U.S. soybeans to unknown destinations and 136,000 tons corn to South Korea and 432,000 tons of corn to Mexico.

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