Soybeans Rebound as U.S. Cuts Crop Estimate More Than Expected

Updated on
  • Projection misses analyst estimates on reduced acreage outlook
  • USDA unexepectedly raises prediction for corn crop yield

Soybean futures rose after the U.S. said that domestic production will be smaller than it forecast last month, easing concerns about a glut that in September helped send prices to a six-year low.

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