A market analyst says there were no big surprises in USDA’s report.

Don Roose with U.S. Commodities says with good weather in the forecast and a negative USDA report, corn and soybean prices are trending lower.

“I think analysts still want to look forward at the rest of the growing season with soybean acres down sharply and if we go down too much on the price, does the export pace and crush really go down?”

Roose says the USDA’s report continues to show large new crop production numbers for Argentina and Brazil, also weighing on U.S.

…