Corn and soybean futures are sharply lower the day after USDA released its latest supply and demand estimates.

AgriVisor senior commodity risk analyst Karl Setzer tells Brownfield there were no major surprises in Wednesday’s report.

“That in itself, no bullish surprises especially, is leading us to a little bit of a setback today, kind of snowballing off that USDA data.”

He says the department is projecting adequate global carryover for corn and wheat.

…