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In the Dec. 10 World Agricultural Supply and Demand Estimates, the U.S. Department of Agriculture upwardly revised price estimates for both corn and soybeans and lowered estimates for U.S. production and ending stocks. Arlan Suderman, chief commodities economist at StoneX Group Inc., said that while there were few changes to the latest WASDE, those changes “spoke volumes.” Ending stocks were already the second tightest on record for soybeans as 15 million bushels of production were shaved from the crush estimates. Soybean prices reached $10.55 a bushel, the highest since 2013. The January WASDE will give final numbers for the year. Soy, corn exports to China up

United statesArlan sudermanJim mintertDavid murrayNathan mosierMichael langemeierKen eriksenDepartment of agricultural economicsPurdue universityStonex group incUs department of agricultureAgriculture at purdue universityAgricultural supplyDemand estimatesCommercial agricultureAgricultural economics