CBOT soybeans, corn, wheat fall in USDA data aftermath

Chicago grains took a dive on Friday, following a closely watched U.S. government crop report and the release of export data that could provide clues into Chinese buying. The most-active soybean contract on the Chicago Board of Trade fell 22-1/2 cents to $11.24-1/2 a bushel. The U.S. Department of Agriculture put out its first global supply and demand outlook since September following the end of the 43-day U.S. government shutdown. The USDA pegged the average 2025 U.S. corn yield at 186.0 bushels per acre, down from 186.7 on September 12. It lowered its production estimate to 16.752 billion bushels, from 16.814 billion a month earlier. For soybeans, the USDA projected 2025 U.S. yield at 53.0 bpa, down from 53.5 bpa in September. Production was projected at 4.253 billion bushels, down from 4.301 billion bushels. But corn and soybeans dropped as the market reacted to the new data, with the trade expecting deeper cuts from the agency. “The corn yield did not come down nearly as much ...