Soybean futures faced a setback following the USDA's highly anticipated monthly WASDE crop report, which revealed a larger-than-expected upgrade to its projections for US stocks in the 2023/24 season, according to insights from CRM Agri.
At the onset of the week, US grain prices experienced an increase, but later faced downward pressure following the release of the USDA’s World Agricultural Supply and Demand Estimates (WASDE).