In its follow-up report on grain supply and demand released on Thursday (10), the US Department of Agriculture (USDA) reduced the estimate for US soybeans and corn season 2018/19.
In the case of soybeans, the department cut the projection of 117.60 million tons made in April to 116.48 million tons now in the May document. In relation to corn, the forecast fell from 365.53 million tons in April to 356.63 million tons in May.