USDA Cuts Soybean, Raises Wheat Stockpile Forecasts

The Wall Street Journal (Dec. 11, 2012) | The U.S. Department of Agriculture lowered its forecast for soybean stocks in the U.S., because of a larger-than-expected crush in response to rising soyoil and soymeal production, but raised the prediction for wheat stocks because of lower exports, sending wheat futures lower.