Commodities
Grain Futures Climb After USDA Report Sparks Bullish Reaction
North American grain and oilseed futures saw an increase on August 12, following a bullish reaction to updated supply/demand estimates from the U.S. Department of Agriculture.
The market had a significant advance in corn prices, with other grains also showing gains.
According to Phil Franz-Warkentin of the Western Producer Markets Desk, the USDA's report led to an increase in futures prices for North American grain and oilseed markets.